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Citigroup C-Tracks ETN Based on Performancef Citi Volatility Index TR 11/12/2020
Ticker Symbol: CVOL* CUSIP: 17318Q475 Previous CUSIP: 17316G727 Exchange: NYSEA
* NOTE: This security is no longer trading as of 5/23/16
Company's Online Profile
BUSINESS: Citigroup Funding Inc, C-Tracks Exchange Traded Note (ETN) Based on the Performance of the Citi Volatility Index Total Return due November 12, 2020, are senior, unsecured debt securities, Medium-Term Notes, Series D, issued by Citigroup Funding Inc and are fully and unconditionally guaranteed by Citigroup Inc. INVESTMENT OBJECTIVE: The C-Tracks ETNs linked to the Citi Volatility Index Total Return (the Index) provide investors with an investable means to gain directional exposure to the implied volatility of large-cap U.S. stocks. INDEX DESCRIPTION: The Citi Volatility Index Total Return methodology combines a daily rolling long exposure to the third- and fourth-month futures contracts on the CBOE Volatility Index (the VIX Index) with a short exposure to the S&P 500 Total Return Index. The VIX futures contracts exposure is constantly maintained, but the weighting of the S&P 500 Total Return Index is variable and determined monthly via a backward-looking linear regression. As a total return index, the value of the Index on any day also includes daily accrued interest on the hypothetical notional value of the Index based on the 3-month U.S. treasury rate and reinvestment into the Index. The Index methodology is designed to produce daily returns more correlated to the VIX Index than a portfolio of VIX futures contracts and with a similar magnitude to the daily returns of the VIX Index. There can be no assurance, however, that the Index will produce the best correlation to the VIX Index or a similar magnitude to the returns of the VIX Index. RETURNS AND MATURITY: The return on the Securities may be positive or negative and is directly linked to the performance of the Index, which is based on a variety of market and economic factors, interest rates in the markets and economic, financial, political, regulatory, judicial or other events that affect the markets generally. If you hold your ETNs to maturity, November 12, 2020, you will receive for each $100 stated principal amount of the C-Tracks that you hold an amount in cash equal to the closing indicative value of the C-Tracks on the final valuation period end date. REDEMPTION AND FEES: If you submit your C-Tracks for redemption on any redemption date during the term of the C-Tracks, you will receive a cash payment per C-Track equal to the applicable closing indicative value of the C-Tracks on the applicable valuation date, minus the applicable redemption charge. You must submit for redemption at least 50,000 C-Tracks at one time to exercise your redemption right. The investor fee is equal to 1.15% per annum accrued on a daily basis. For calculations of fees and any further information on this ETN click on the Link to IPO Prospectus provided.
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Notes: May 23, 2016 -- CVOL has been liquidated because of poor performance, high costs and weak investor interest.___________1:10 Reverse Split Effective 1/2/2013.
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IPO - 11/12/2010
Link to IPO Prospectus
Micro Cap Stock -
Market Value $ 19.5 Million
Yahoo News Summary for CVOL*
YAHOO! Profile for CVOL*
Yahoo Detailed Quote
MarketWatch Quote
MSN Company Report for CVOL*
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: Citi Institutional Clients Group, 390 Greenwich St, 3rd Floor, New York, NY 10013 |
| Main Phone Number |
212-723-7873 |
| Fax Number |
Not Available |
| Investor Contact
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212-723-7873
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