New Issue: Citigroup prices $2.22 million buffer securities tied to Russell 2000

By Jennifer Chiou

New York, March 3 – Citigroup Inc. priced $2,221,000 of 0% buffer securities due Sept. 1, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par plus 200% of the index return, capped at 14%.

If the index declines by 10% or less, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 10%.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Inc.
Issue:	Buffer securities
Underlying index:	Russell 2000
Amount:	$2,221,000
Maturity:	Sept. 1, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than initial index level, par plus 200% of index return, capped at 14%; par if index declines by 10% or less; 1% loss for every 1% that index declines beyond 10%
Initial index level:	1,233.368
Buffer amount:	10%
Pricing date:	Feb. 27
Settlement date:	March 4
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.65%
Cusip:	1730T04V8

© 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.