Citigroup plans trigger step return notes linked to iShares MSCI EAFE

By Susanna Moon

Chicago, Oct. 7 – Citigroup Global Markets Holdings Inc. plans to price 0% trigger step securities due Oct. 30, 2020 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund finishes at or above its initial level, the payout at maturity will be par of $10 plus the greater of the gain and the step return of 34% to 38%.

Investors will receive par if the fund falls by up to 25% and will be fully exposed to any losses if the fund finishes below its 75% trigger level.

The exact deal terms, including step return, will be set at pricing.

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

The notes guaranteed by Citigroup Inc.

The notes will price on Oct. 26 and settle on Oct. 31.

The Cusip number is 17324P495.

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