Citigroup plans dual directional trigger PLUS tied to S&P 500 index

By Wendy Van Sickle

Columbus, Ohio, March 29 – Citigroup Global Markets Holdings Inc. plans to price 0% dual directional trigger Performance Leveraged Upside Securities due May 3, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus double the index return, up to a maximum return of 28%.

If the final index level is less than or equal to the initial index level but greater than or equal to the trigger level, 80% of the initial level, the payout will be par plus the absolute value of the index return.

If the final index level is less than the trigger level, investors will be fully exposed to the decline from the initial index level.

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

The notes will price April 29.

The Cusip number is 17324P149.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.