Citigroup plans contingent income PLUS linked to Alerian MLP ETF

By Marisa Wong

Morgantown, W.Va., June 29 – Citigroup Global Markets Holdings Inc. plans to price contingent income Performance Leveraged Upside Securities due Jan. 5, 2022 linked to the Alerian MLP exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

Each quarter, the notes will pay a contingent coupon at a rate of 6.5% per year if the fund closes at or above its initial share price on the valuation date for that quarter.

The payout at maturity will be par of $10 plus 200% of any fund gain.

Investors will be exposed to any losses.

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

The securities will price on June 30.

The Cusip number is 17325K461.

© 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.