Citigroup plans step down trigger autocallables tied to S&P, Stoxx

By Sarah Lizee

Olympia, Wash., Oct. 18 – Citigroup Global Markets Holdings Inc. plans to price 0% step down trigger autocallable notes due Oct. 31, 2023 linked to the lesser performing of the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par of $10 plus an annual call premium of 9% to 10% if each index closes at or above its initial level on any of the first four valuation dates or at or above the 70% downside threshold on the final valuation date.

If the notes are not called, the payout at maturity will be par plus the return of the worse performing index with full exposure to any losses.

The notes will be guaranteed by Citigroup Inc.

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

The notes will price on Oct. 29 and settle on Oct. 31.

The Cusip number is 17326X256.

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