Citigroup plans dual directional trigger PLUS on Gold Miners ETF

By Marisa Wong

Madison, Wis., Oct. 1 - Citigroup Inc. plans to price 0% dual directional trigger Performance Leveraged Upside Securities due April 21, 2016 linked to the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF's final share price is greater than or equal to the initial share price, the payout at maturity will be par of $10 plus 150% of the increase, subject to a maximum return of 75%.

If the final share price is less than the initial share price but is greater than or equal to the trigger price, the payout will be par plus the absolute value of the ETF return. The trigger price will be 80% of the initial share price.

If the final share price is less than the trigger level, investors will be fully exposed to the decline from the initial share price.

The notes (Cusip: 17321F847) will price on Oct. 18.

Citigroup Global Markets Inc. is the underwriter with Morgan Stanley Smith Barney LLC as dealer.

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