Published on 8/5/2015 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $5.47 million buffer securities linked to basket of indexes, ETFs
By Toni Weeks
San Luis Obispo, Calif., Aug. 5 – Citigroup Inc. priced $5.47 million of 0% buffer securities due Jan. 19, 2017 linked to a basket of indexes and exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket components are the S&P 500 index with a 60% weight, the iShares MSCI EAFE ETF with a 25% weight, the Russell 2000 index with a 10% weight and the iShares MSCI Emerging Markets ETF with a 5% weight.
If the basket return is positive, the payout at maturity will be par plus 150% of the basket return, subject to a maximum return of 11.1%. Investors will receive par if the basket falls by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Inc.
|
Issue: | Buffer securities
|
Underlying basket: | S&P 500 index (60% weight), iShares MSCI EAFE ETF (25% weight), Russell 2000 index (10% weight) and iShares MSCI Emerging Markets ETF (5% weight)
|
Amount: | $5,466,000
|
Maturity: | Jan. 19, 2017
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If basket return is positive, par plus 1.5 times the basket return, capped at 11.1%; par if basket falls by 10% or less; exposure to losses beyond 10% buffer
|
Initial levels: | 2,098.04 for S&P 500, $64.61 for iShares MSCI EAFE, 1,231.79 for Russell, $36.50 for iShares MSCI EM
|
Pricing date: | Aug. 3
|
Settlement date: | Aug. 6
|
Underwriter: | Citigroup Global Markets Inc.
|
Fees: | 0.6%
|
Cusip: | 17298CDF2
|
© 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.