Citigroup plans to price trigger PLUS linked to S&P GSCI Crude Oil

By Marisa Wong

Madison, Wis., May 6 – Citigroup Inc. plans to price 0% trigger Performance Leveraged Upside Securities due June 13, 2016 linked to the S&P GSCI Crude Oil Index Excess Return, 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 300% of the index return, subject to a maximum return of 20%. Investors will receive par if the index declines by 10% or less and will be fully exposed to the index’s decline from its initial level if it falls by more than 10%.

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

The notes are expected to price May 8.

The Cusip number is 17298CAS7.

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