Citigroup plans Accelerated Return Notes linked to Stoxx Europe 600

By Toni Weeks

San Luis Obispo, Calif., June 5 – Citigroup Inc. plans to price 0% Accelerated Return Notes due Dec. 28, 2017 linked to the Stoxx Europe 600 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 plus 133% of the index return. If the index declines by 25% or less, the payout will be par. If the index declines by more than 25%, investors will lose 1% for every 1% that the final index level is less than the initial index level.

The notes (Cusip: 1730T0S34) are expected to price June 25 and settle three business days later.

Citigroup Global Markets Inc. is the underwriter.

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