By Toni Weeks
San Luis Obispo, Calif., May 12 – Citigroup Inc. priced $5.3 million of capped contingent buffered equity notes due Nov. 14, 2016 linked to the WisdomTree Japan Hedged Equity fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any fund gain, up to a maximum return of 16%.
Investors will receive par if the fund falls by up to 20% and will be fully exposed to any losses if the fund falls by more than 20%.
The final fund level will be the average of the closing fund levels on the five trading days ending Nov. 8, 2016.
Citigroup Global Markets LLC is the underwriter.
| Issuer: | Citigroup Inc.
|
| Issue: | Capped contingent buffered equity notes
|
| Underlying fund: | WisdomTree Japan Hedged Equity
|
| Amount: | $5.3 million
|
| Maturity: | Nov. 14, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If fund gains, par plus fund return, up to cap of 16%; par if fund falls by up to 20%; full exposure to losses from initial price if fund falls by more than 20%
|
| Initial price: | $57.81
|
| Barrier price: | $46.248, 80% of initial price
|
| Pricing date: | May 8
|
| Settlement date: | May 13
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.25%
|
| Cusip: | 17298CAU2
|
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