Citigroup plans to price 0.25% market-linked notes tied to basket

By Toni Weeks

San Luis Obispo, Calif., June 4 – Citigroup Inc. plans to price 0.25% market-linked notes due Dec. 30, 2020 linked to a basket containing the S&P 500 index with a 33.34% weight, the iShares MSCI EAFE exchange-traded fund with a 33.33% weight and the iShares Core U.S. Aggregate Bond ETF with a 33.33% weight, according to an FWP filing with the Securities and Exchange Commission.

Interest is payable semiannually.

If the average basket return percentage is positive, the payout at maturity will be par plus 100% to 120% of the gain. The exact participation rate will be set at pricing.

If the average basket return is less than or equal to zero, the payout will be par.

The average basket return percentage will be the average of the basket return percentages, as measured on each quarterly valuation date during the life of the notes.

Citigroup Global Markets Inc. is the agent.

The notes will price on June 25.

The Cusip number is 17298CBM9.

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