Citigroup to price market-linked notes with averaging linked to Dow

By Angela McDaniels

Tacoma, Wash., Sept. 2 – Citigroup Inc. plans to price 0% market-linked notes due April 2, 2020 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The average index return will be the average of the index’s returns on the 29th day of each March, June, September and December during the term of the notes. Each return will be measured in comparison to the index’s closing level on the pricing date.

If the average index return is greater than zero, the payout at maturity will be 90% to 100% of the average index return. If the average index return is less than or equal to zero, the payout will be par. The exact upside participation rate will be set at pricing.

Citigroup Global Markets Inc. is the agent.

The notes are expected to price Sept. 29.

The Cusip number is 1730T0Y37.

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