New Issue: Citigroup prices $5.56 million trigger PLUS linked to S&P 500 index

By Marisa Wong

Madison, Wis., April 7 – Citigroup Inc. priced $5.56 million of 0% trigger Performance Leveraged Upside Securities due April 6, 2018 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 200% of the index return, subject to a maximum return of 32%. Investors will receive par if the index declines by 15% or less and will be fully exposed to the index’s decline from its initial level if it falls by more than 15%.

Citigroup Global Markets Inc. is the underwriter. Morgan Stanley Wealth Management will handle distribution.

Issuer:	Citigroup Inc.
Issue:	Trigger Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$5,559,110
Maturity:	April 6, 2018
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any index gain, with return capped at 32%; if index falls by up 15%, par; otherwise, full exposure to index decline from initial level
Initial level:	2,067.89
Trigger level:	1,757.707, 85% of initial level
Pricing date:	March 31
Settlement date:	April 6
Underwriter:	Citigroup Global Markets Inc.
Fees:	3%
Cusip:	17323B745

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