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Citigroup plans PLUS due 2016 with 30% cap tied to S&P GSCI Crude Oil
By Susanna Moon
Chicago, Feb. 13 – Citigroup Inc. plans to price 0% Performance Leveraged Upside Securities due March 21, 2016 linked to the S&P GSCI Crude Oil Index Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index gain, up to a maximum return of at least 30%.
Investors will be exposed to any losses.
Citigroup Global Markets Inc. is the underwriter. Morgan Stanley Wealth Management is a dealer.
The notes will price on Feb. 20.
The Cusip number is 1730T05A3.
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