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Citigroup plans to price PLUS due 2021 linked to Euro Stoxx 50 index
By Angela McDaniels
Tacoma, Wash., Oct. 28 – Citigroup Global Markets Holdings Inc. plans to price 0% Performance Leveraged Upside Securities due March 3, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return of 23.8%. If the final index level is less than the initial index level, investors will have one-to-one exposure to the index’s decline.
The notes will be guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter. Morgan Stanley Wealth Management is a dealer.
The notes will price Nov. 15.
The Cusip number is 17327P872.
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