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Citigroup plans dual directional trigger PLUS tied to Russell 2000
By Marisa Wong
Morgantown, W.Va., Nov. 28 – Citigroup Global Markets Holdings Inc. plans to price 0% dual directional trigger Performance Leveraged Upside Securities due Dec. 5, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If the index finishes at or above the initial level, the payout at maturity will be par plus the 200% of the index gain up to a maximum return of 17.1%.
If the index falls by up to 20%, the payout at maturity will be par plus the absolute value of the index return.
If the index finishes below the 80% trigger level, investors will be fully exposed to any losses.
Citigroup Global Markets Inc. is the underwriter.
The notes will price Nov. 30.
The Cusip number is 17324P883.
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