Citigroup plans to price trigger gears linked to Euro Stoxx 50 index

By Angela McDaniels

Tacoma, Wash., May 2 – Citigroup Global Markets Holdings Inc. plans to price 0% trigger gears due May 29, 2026 linked to the Euro Stoxx 50 index, 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 35% or less and be fully exposed to the index’s decline from its initial level if it declines by more than 35%.

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

The notes are expected to price May 26.

The Cusip number is 17324P222.

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