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Citi pushes up pricing of dual directional trigger PLUS on Euro Stoxx
By Susanna Moon
Chicago, July 8 – Citigroup Inc. pushed up pricing of its 0% dual directional trigger Performance Leveraged Upside Securities linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will now mature on July 22, 2021, pushed up from Aug. 4, 2021, with pricing set for July 17. The notes originally had been set to price July 31.
As previously announced, the payout at maturity will be par of $10 plus 118% of any index gain.
If the index falls by up to the 65% trigger level, the payout will be par plus the absolute value of the index return.
If the index finishes below the trigger level, investors will be fully exposed to any losses.
Citigroup Inc. is the underwriter. Morgan Stanley Wealth Management is a dealer.
The notes will price on July 17.
The Cusip number is 17323Q809.
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