By Wendy Van Sickle
Columbus, Ohio, March 15 – Citigroup Inc. priced $5.56 million of 0% autocallable trigger Performance Leveraged Upside Securities due Sept. 13, 2018 linked to the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a premium of 9.5% if the index closes at or above the initial index level on the interim valuation date of Sept. 11, 2017.
If the index finishes above its initial level, the payout at maturity will be par of $10 plus 150% of the gain.
If the index falls but finishes at or above the 70% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
Citigroup Global Markets Inc. is the underwriter with Morgan Stanley Wealth Management handling distribution.
| Issuer: | Citigroup Inc.
|
| Issue: | Autocallable trigger Performance Leveraged Upside Securities
|
| Underlying index: | Euro Stoxx Banks
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| Amount: | $5,550,000
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| Maturity: | Sept. 13, 2018
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes above initial level, par plus 150% of gain; if index falls by up to trigger level, par; otherwise, investors will be fully exposed to any losses
|
| Call: | At par plus 9.5% if index closes at or above initial index level on Sept. 11, 2017
|
| Initial level: | 125.44
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| Trigger level: | 87.808, 70% of initial level
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| Pricing date: | March 10
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| Settlement date: | March 15
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| Agent: | Citigroup Global Markets Inc. is the underwriter with distribution through Morgan Stanley Wealth Management
|
| Fees: | 2%
|
| Cusip: | 17325E655
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