Citigroup plans trigger PLUS linked to Euro Stoxx with 200% leverage

By Angela McDaniels

Tacoma, Wash., Nov. 3 – Citigroup Inc. plans to price 0% trigger Performance Leveraged Upside Securities due Dec. 1, 2017 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 the initial index level, the payout at maturity will be par of $10 plus 200% of the index return, subject to a maximum return that is expected to be at least 62% and will be set at pricing. If the final index level is less than or equal to the initial index level but is greater than the trigger level, 85% of the initial level, the payout will be par. If the final index level is less than or equal to the trigger level, investors will lose 1% for every 1% that the final index level is less than the initial index level.

Citigroup Global Markets Inc. is the underwriter. Distribution is through Morgan Stanley Wealth Management.

The notes are expected to price Nov. 28.

The Cusip number is 17322X813.

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