By Marisa Wong
Morgantown, W.Va., Dec. 3 – Citigroup Inc. priced $5.07 million of 0% trigger jump securities due Nov. 28, 2018 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund finishes above its initial level, the payout at maturity will be par plus the upside return of 29%.
Investors will receive par if the fund falls by up to 20% and will be fully exposed to any losses if the fund finishes below the 80% trigger level.
Citigroup Global Markets Inc. is the agent. Morgan Stanley Wealth Management is a dealer.
| Issuer: | Citigroup Inc.
|
| Issue: | Trigger jump securities
|
| Underlying fund: | iShares MSCI EAFE ETF
|
| Amount: | $5,074,140
|
| Maturity: | Nov. 28, 2018
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If fund gains, par plus 29%; par if fund falls by 20% or less; full exposure to any losses if fund finishes below trigger level
|
| Initial price: | $60.54
|
| Trigger price: | $48.432, 80% of initial price
|
| Pricing date: | Nov. 23
|
| Settlement date: | Nov. 27
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.75%
|
| Cusip: | 17323P876
|
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