Published on 3/31/2015 in the Prospect News Structured Products Daily.
New Issue: Citi prices $5.01 million capped return enhanced notes on Russell 2000
By Jennifer Chiou
New York, March 31 – Citigroup Inc. priced $5,005,000 of 0% capped return enhanced notes due April 13, 2016 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the index, up to a maximum return of 16.9%.
Investors will be exposed to any losses.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Inc.
|
| Issue: | Capped return enhanced notes
|
| Underlying index: | Russell 2000
|
| Amount: | $5,005,000
|
| Maturity: | April 13, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any gain in the index, capped at 16.9%; exposure to losses
|
| Initial level: | 1,240.409
|
| Pricing date: | March 27
|
| Settlement date: | April 1
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 1%
|
| Cusip: | 1730T06N4
|
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