Published on 11/11/2015 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $825,000 barrier digital plus notes linked to WisdomTree Japan
By Tali Rackner
Norfolk, Va., Nov. 11 – Citigroup Inc. priced $825,000 of 0% barrier digital plus securities due May 3, 2019 linked to the WisdomTree Japan Hedged Equity fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund finishes at or above the initial level, the payout at maturity will be par plus the greater of the gain and the fixed return of 20%.
If the fund finishes at or above the 80% barrier level, the payout at maturity will be par.
Otherwise, investors will be fully exposed to any losses.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Inc.
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| Issue: | Barrier digital plus securities
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| Underlying fund: | WisdomTree Japan Hedged Equity fund
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| Amount: | $825,000
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| Maturity: | May 3, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If fund gains, par plus the greater of the return and 20%; if the fund falls by up to 20%, par; otherwise, full exposure to any losses
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| Initial level: | $60.78
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| Barrier price: | $48.624, 80% of initial level
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| Pricing date: | Oct. 30
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| Settlement date: | Nov. 4
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 2%
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| Cusip: | 17298C3P1
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