By Tali Rackner
Norfolk, Va., July 24 – Citigroup Inc. priced $5 million of 0% Performance Leveraged Upside Securities due July 26, 2018 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus five times the index return, up to a maximum return of 49.55%.
Investors will be fully exposed to any losses.
Citigroup Global Markets Inc. is the agent. Morgan Stanley Wealth Management is a dealer.
| Issuer: | Citigroup Inc.
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| Issue: | Performance Leveraged Upside Securities
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| Underlying index: | Euro Stoxx 50
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| Amount: | $5 million
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| Maturity: | July 26, 2018
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If index return is positive, par plus five times the index return, up to 49.55% maximum return; exposure to losses
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| Initial index level: | 3,635.58
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| Pricing date: | July 22
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| Settlement date: | July 27
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| Agent: | Citigroup Global Markets Inc.
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 2.5%
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| Cusip: | 17323Q817
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