New Issue: Citigroup prices $15.81 million buffered PLUS linked to S&P 500

By Angela McDaniels

Tacoma, Wash., May 4 – Citigroup Inc. priced $15.81 million of 0% buffered Performance Leveraged Upside Securities due May 3, 2018 linked to the S&P 500 index, according to a 424B2 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 24.6%. Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% that the index declines beyond 10%.

Citigroup Global Markets Inc. is the underwriter. Morgan Stanley Wealth Management is a dealer.

Issuer:	Citigroup Inc.
Issue:	Buffered Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$15,812,170
Maturity date:	May 3, 2018
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any index gain, subject to 24.6% maximum return; par if index falls by 10% or less; 1% loss for each 1% index declines beyond 10%
Initial index level:	2,085.51
Pricing date:	April 30
Settlement date:	May 5
Underwriter:	Citigroup Global Markets Inc.
Dealer:	Morgan Stanley Wealth Management
Fees:	3%
Cusip:	17323B471

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