Citigroup to price notes with averaging linked to MSCI EAFE index

By Angela McDaniels

Tacoma, Wash., March 31 - Citigroup Inc. plans to price 0% market-linked notes due Oct. 30, 2019 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

If the average index return percentage is greater than zero, the payout at maturity will be par plus 90% to 100% of the average index return percentage. The exact upside participation rate will be set at pricing. If the average index return percentage is less than or equal to zero, the payout will be par.

The average index return percentage will be the average of the index's return on each of the quarterly valuation dates, which are expected to be the 25th day of each January, April, July and October during the term of the notes. The return on each valuation date will be measured relative to the index's closing level on the pricing date.

Citigroup Global Markets Inc. is the underwriter.

The notes are expected to price April 25.

The Cusip number is 1730T0M97.

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