Citigroup plans trigger return optimization notes on S&P MidCap 40

By Marisa Wong

Madison, Wis., March 3 – Citigroup Inc. plans to price 0% trigger return optimization securities due March 29, 2018 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 1.5 times the index return, subject to a maximum return of 27% to 33% that will be set at pricing.

If the index return is zero or negative and the final index level is greater than or equal to the trigger level, 80% of the initial index level, the payout will be par.

If the final index level is less than the trigger level, investors will have full exposure to the index’s decline.

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

The notes will price March 26 and settle March 31.

The Cusip number is 17323B752.

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