Citigroup plans Accelerated Return Notes linked to Stoxx Europe 600

By Toni Weeks

San Luis Obispo, Calif., July 2 – Citigroup Inc. plans to price 0% Accelerated Return Notes due Feb. 1, 2018 linked to the Stoxx Europe 600 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus at least 130.25% of any gain in the index. The actual leverage factor will be set at pricing.

Investors will receive par if the index falls by up to 25% and will be fully exposed to losses from the initial level if it falls below the 75% barrier level.

The notes (Cusip: 1730T0U72) will price July 28 and settle three business days later.

Citigroup Global Markets Inc. is the agent.

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