Citigroup plans trigger performance securities linked to S&P 500

By Jennifer Chiou

New York, March 5 - Citigroup Inc. plans to price 0% trigger performance securities due March 29, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than zero, the payout at maturity will be par of $10 plus 105% to 115% of the index return. The exact participation rate will be set at pricing.

If the index return is less than or equal to zero and the index's final level is greater than or equal to the trigger level, 60% of the initial index level, the payout will be par.

If the final level is less than the trigger level, investors will lose 1% for every 1% that the final level is less than the initial level.

The notes (Cusip: 17321F219) are expected to price on March 26 and settle on March 31.

Citigroup Global Markets Inc. and UBS Financial Services Inc. are the underwriters.

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