Citigroup plans market-linked notes tied to index, ETF basket

By Marisa Wong

Morgantown, W.Va., Sept. 27 – Citigroup Global Markets Holdings Inc. plans to price 0% market-linked notes due Oct. 28, 2022 linked to a unequally weighted basket containing two indexes and one exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

The basket components are the S&P 500 index with a 25% weight, the Euro Stoxx 50 index with a 25% weight and the iShares iBoxx $ High Yield Corporate Bond ETF with a 50% weight.

The payout at maturity will be par plus 110% to 120% of any basket gain.

If the basket falls, the payout will be par.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on Oct. 25.

The Cusip number is 17324CMP8.

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