Citigroup plans to price trigger autocallables linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., Oct. 11 – Citigroup Global Markets Holdings Inc. plans to price 0% trigger autocallable notes due Oct. 23, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

Beginning one year after issuance, the notes will be automatically called at par of $10 plus the call return rate if the index closes at or above its initial level on any quarterly valuation date. The call return rate is expected to be 9.35% to 10.35% per year and will be set at pricing.

If the notes are not called and the final index level is greater than or equal to the downside threshold, 70% of the initial index level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the final index level is below the initial level.

The notes will be guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter, and UBS Financial Services Inc. is acting as agent.

The notes will price Oct. 18.

The Cusip number is 17327P807.

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