New Issue: Citigroup prices $6.02 million trigger jump securities tied to Facebook

By Marisa Wong

Madison, Wis., Nov. 25 – Citigroup Inc. priced $6.02 million of 0% trigger jump securities due Nov. 25, 2016 linked to the Facebook, Inc. shares, according to an FWP filing with the Securities and Exchange Commission.

If the stock finishes at or above its initial price, the payout at maturity will equal par plus 30%.

Investors will receive par if the stock falls by up to 22.5% and will be fully exposed to any losses if the stock finishes below the 77.5% trigger level.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Inc.
Issue:	Trigger jump securities
Underlying stock:	Facebook, Inc. (Nasdaq: FB)
Amount:	$6,019,500
Maturity:	Nov. 25, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If stock finishes at or above its initial price, par plus 30%; par if the stock falls by up to 22.5%; full exposure to any losses if the stock finishes below trigger pricce
Initial share price:	$73.75
Trigger price:	$57.156, 77.5% of initial share price
Pricing date:	Nov. 21
Settlement date:	Nov. 26
Agent:	Citigroup Global Markets Inc.
Distribution:	Morgan Stanley Smith Barney LLC
Fees:	2.5%
Cusip:	17322X730

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.