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Citigroup plans to price trigger PLUS linked to Euro Stoxx 50
By Jennifer Chiou
New York, July 10 - Citigroup Inc. plans to price 0% trigger Performance Leveraged Upside Securities due July 20, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial index level, the payout at maturity will be par of $10 plus 190% to 200% of the index return.
If the final index level is less than the initial index level but greater than or equal to the trigger value, 80% of the initial index level, the payout will be par.
If the final index level is less than the trigger value, investors will be fully exposed to the decline from the initial level.
The notes (Cusip: 173095282) are expected to price on July 17.
Citigroup Global Markets Inc. is the underwriter.
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