Citigroup to price upturn securities linked to five financial stocks

By Angela McDaniels

Tacoma, Wash., Nov. 14 – Citigroup Global Markets Holdings Inc. plans to price 0% upturn securities due May 22, 2018 linked to an equally weighted basket composed of the common stocks of Capital One Financial Corp., Goldman Sachs Group, Inc., JPMorgan Chase & Co., Morgan Stanley and SVB Financial Group, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

If the final basket level is greater than the initial basket level, the payout at maturity will be par plus 300% of the basket return, subject to a maximum return of 26%. If the final basket level is less than the initial basket level, investors will be exposed to the decline.

The initial share price of each stock will be its closing share price on Nov. 10, the strike date.

Citigroup Global Markets Inc. is the underwriter.

The pricing date is Nov. 17.

The Cusip number is 17324CCS3.

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