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Citigroup plans trigger return optimization notes on Euro Stoxx 50
By Marisa Wong
Madison, Wis., Dec. 5 - Citigroup Inc. plans to price 0% trigger return optimization securities due Dec. 30, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par of $10 plus 1.5 times the index return, subject to a maximum return that is expected to be 43% to 53% and will be set at pricing.
If the index return is zero or negative and the final index level is greater than or equal to the trigger level, 75% of the initial level, the payout will be par.
If the final index level is less than the trigger level, investors will be fully exposed to the index's decline from its initial level.
UBS Financial Services Inc. and Citigroup Global Markets Inc. are the underwriters.
The notes are expected to price Dec. 27 and settle Dec. 31.
The Cusip number is 17321F482.
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