Citigroup plans 10-year trigger gears linked to Bloomberg Commodity

By Susanna Moon

Chicago, Oct. 6 – Citigroup Global Markets Holdings Inc. plans to price 0% trigger gears due Oct. 30, 2026 linked to the Bloomberg Commodity Index 3 Month Forward, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 1.3 times to 1.5 times any index gain, with the exact upside gearing to be set at pricing.

Investors will receive par if the index falls by up to 30% and will be fully exposed to any losses if the index finishes below its 70% trigger level.

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 17324P446.

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