Published on 1/28/2015 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $7.58 million PLUS due 2016 linked to S&P GSCI Crude
By Susanna Moon
Chicago, Jan. 28 – Citigroup Inc. priced $7.58 million of 0% Performance Leveraged Upside Securities due Feb. 22, 2016 linked to the S&P GSCI Crude Oil Index Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 5 times any gain in the index, up to a maximum return of 29%.
Investors will be exposed to any losses.
Citigroup Global Markets Inc. is the agent with Morgan Stanley Wealth Management as a dealer.
Issuer: | Citigroup Inc.
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Issue: | Performance Leveraged Upside Securities
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Underlying index: | S&P GSCI Crude Oil Index Excess Return
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Amount: | $7,575,000
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Maturity: | Feb. 22, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 500% of any index gain, capped at 29%; exposure to any losses
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Initial level: | 247.9051
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Pricing date: | Jan. 23
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Settlement date: | Jan. 28
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Agent: | Citigroup Global Markets Inc.
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 1.75%
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Cusip: | 1730T04D8
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