Citigroup plans market-linked notes on S&P, Stoxx, high-yield ETF

By Sarah Lizee

Olympia, Wash., May 24 – Citigroup Global Markets Holdings Inc. plans to price 0% market-linked notes due July 3, 2023 linked to an equally weighted basket of two indexes and an exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the S&P 500 index, the Euro Stoxx 50 index and the iShares iBoxx $ High Yield Corporate Bond ETF.

The payout at maturity will be par plus 120% to 130% of any basket gain. The exact upside participation rate will be set at pricing.

If the basket falls, the payout will be par.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on June 28 and settle three business days later.

The Cusip number is 17324CV78.

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