Published on 6/26/2015 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $652,000 PLUS linked to S&P GSCI Excess Return index
By Toni Weeks
San Luis Obispo, Calif., June 26 – Citigroup Inc. priced $652,000 of 0% Performance Leveraged Upside Securities due July 28, 2016 linked to the S&P GSCI Excess Return index, according to an FWP filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 150% of the index return, subject to a maximum return of 13.25%. If the final index level is less than the initial index level, investors will be fully exposed to the decline.
Citigroup Global Markets Inc. is the agent. Morgan Stanley Wealth Management is a dealer.
Issuer: | Citigroup Inc.
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Issue: | Performance Leveraged Upside Securities
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Underlying index: | S&P GSCI Excess Return
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Amount: | $652,000
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Maturity: | July 28, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any index gain, capped at 13.25%; full exposure to any losses
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Initial index level: | 308.6
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Pricing date: | June 24
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Settlement date: | June 29
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Agent: | Citigroup Global Markets Inc. with Morgan Stanley Wealth Management as dealer
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Fees: | 2.25%
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Cusip: | 17298CCH9
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