Citigroup plans trigger gears linked to Bloomberg Commodity index

By Marisa Wong

Morgantown, W.Va., April 7 – Citigroup Global Markets Holdings Inc. plans to price 0% trigger gears due April 30, 2026 linked to the Bloomberg Commodity Index 3 Month Forward, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

If the index return is greater than zero, the payout at maturity will be par of $10 plus 1.8 to 2.0 times the index return. The exact upside gearing will be set at pricing. Investors will receive par if the index declines by 30% or less and be fully exposed to the index’s decline from its initial level if it declines by more than 30%.

Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.

The notes are expected to price April 27.

The Cusip number is 17324P123.

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