By Susanna Moon
Chicago, Sept. 18 – Citigroup Inc. priced $568,220 of 0% trigger jump securities due Sept. 20, 2018 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund finishes above its initial level, the payout at maturity will be par plus the upside return of 35.5%.
Investors will receive par if the fund falls by up to 20% and will be fully exposed to any losses if the fund finishes below the 80% trigger level.
Citigroup Global Markets Inc. is the agent. Morgan Stanley Wealth Management is a dealer.
| Issuer: | Citigroup Inc.
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| Issue: | Trigger jump securities
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| Underlying fund: | Energy Select Sector SPDR fund
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| Amount: | $568,220
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| Maturity: | Sept. 20, 2018
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If fund gains, par plus 35.5%; par if fund falls by 20% or less; full exposure to any losses if fund finishes below trigger level
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| Initial level: | $63.52
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| Trigger level: | 80% of initial level
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| Pricing date: | Sept. 15
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| Settlement date: | Sept. 18
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| Underwriter: | Citigroup Global Markets Inc.
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 2.5%
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| Cusip: | 17323Q684
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