Published on 6/30/2015 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $3.42 million 0.25% notes linked to ETFs, S&P 500
By Angela McDaniels
Tacoma, Wash., June 30 – Citigroup Inc. priced $3.42 million of 0.25% market-linked notes due Dec. 30, 2020 linked to a basket that includes the S&P 500 index with a 33.34% weight, the iShares MSCI EAFE exchange-traded fund with a 33.33% weight and the iShares Core U.S. Aggregate Bond ETF with a 33.33% weight, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable semiannually.
If the average basket return is greater than zero, the payout at maturity will be par plus 110% of the average basket return. If the average basket return is less than or equal to zero, the payout will be par.
The average basket return will be the average of the basket’s returns on the valuation dates, which will be the 25th day of each March, June, September and December during the term of the notes.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Inc.
|
| Issue: | Market-linked notes
|
| Underlying components: | S&P 500 index (33.34% weight), iShares MSCI EAFE ETF (33.33% weight) and iShares Core U.S. Aggregate Bond ETF (33.33% weight)
|
| Amount: | $3,417,000
|
| Maturity: | Dec. 30, 2020
|
| Coupon: | 0.25%, payable semiannually
|
| Price: | Par
|
| Payout at maturity: | If average basket return is greater than zero, par plus 110% of average basket return; if average basket return is less than or equal to zero, par
|
| Average basket return: | Average of basket’s returns on valuation dates, which will be 25th day of each March, June, September and December during term of notes
|
| Initial levels: | 2,102.31 for index, $65.77 for EAFE ETF and $108.47 for bond ETF
|
| Pricing date: | June 25
|
| Settlement date: | June 30
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 3%
|
| Cusip: | 17298CBM9
|
© 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.
