By Toni Weeks
San Luis Obispo, Calif., July 23 – Citigroup Inc. priced $5 million of 0% Performance Leveraged Upside Securities due July 24, 2020 linked to the common stock of Netflix, Inc., according to an FWP filing with the Securities and Exchange Commission.
If the final share price is greater than the initial price, the payout at maturity will be par plus five times the stock return, subject to a maximum payment of $21.025 per $10 principal amount of notes. Investors will be exposed to any losses.
Citigroup Global Markets Inc. is the agent with Morgan Stanley Wealth Management as dealer.
| Issuer: | Citigroup Inc.
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying stock: | Netflix, Inc. (Symbol: NFLX)
|
| Amount: | $5 million
|
| Maturity: | July 24, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 500% of any stock gain, subject to maximum settlement amount of $21.025 per $10 note; full exposure to any losses
|
| Initial price: | $112.51
|
| Pricing date: | July 21
|
| Settlement date: | July 24
|
| Agent: | Citigroup Global Markets Inc. with Morgan Stanley Wealth Management as dealer
|
| Fees: | 2%
|
| Cusip: | 17323Q825
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