By Susanna Moon
Chicago, Feb. 3 – Citigroup Inc. priced $741,800 of 0% buffered Performance Leveraged Upside Securities due Feb. 1, 2019 linked to the Energy Select Sector SPDR fund, according to a 424B5 filed with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus double any fund gain, up to a maximum return of 47.25%.
Investors will receive par if the fund falls by up to 10% and will be exposed to any losses beyond 10%.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Inc.
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Issue: | Buffered Performance Leveraged Upside Securities
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Underlying fund: | Energy Select Sector SPDR fund
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Amount: | $741,800
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Maturity: | Feb. 1, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par double any fund gain, capped at 47.25%; par if fund falls by up to 10%; exposure to losses beyond 10%
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Initial level: | $58.24
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Pricing date: | Jan. 29
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Settlement date: | Feb. 3
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 2.5%
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Cusip: | 17323P389
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