Citigroup plans to price trigger PLUS linked to Gold Miners ETF

By Marisa Wong

Madison, Wis., Aug. 20 - Citigroup Inc. plans to price 0% trigger Performance Leveraged Upside Securities due Sept. 3, 2015 linked to the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the final fund share price is greater than or equal to the initial price, the payout at maturity will be par of $10 plus 150% of the fund return, subject to a cap of 50% to 54% that will be set at pricing.

If the final fund share price is less than the initial price but greater than or equal to the trigger price, 70% of the initial price, the payout will be par.

If the final price is less than the trigger price, investors will be fully exposed to the decline from the initial price.

The notes (Cusip: 173095126) are expected to price on Aug. 30 and settle three business days after that.

Citigroup Global Markets Inc. is the underwriter.

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