Published on 11/27/2013 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $8.43 million trigger performance notes on S&P 500
By Jennifer Chiou
New York, Nov. 27 - Citigroup Inc. priced $8,429,280 of 0% trigger performance securities due Nov. 30, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 133.36% of any index gain.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% trigger level.
Citigroup Global Markets Inc. is the agent. UBS Financial Services Inc. is the distributor.
| Issuer: | Citigroup Inc.
|
| Issue: | Trigger performance securities
|
| Underlying index: | S&P 500
|
| Amount: | $8,429,280
|
| Maturity: | Nov. 30, 2018
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 133.36% of any index gain; par if index falls by up to 25%; full exposure to losses from initial level if index finishes below trigger level
|
| Initial index level: | 1,802.48
|
| Trigger level: | 1,351.86, 75% of initial level
|
| Pricing date: | Nov. 25
|
| Settlement date: | Nov. 29
|
| Agent: | Citigroup Global Markets Inc. with UBS Financial Services Inc. as dealer
|
| Fees: | 3.5%
|
| Cusip: | 17321F680
|
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