Citigroup plans trigger return optimization notes linked to Euro Stoxx

By Angela McDaniels

Tacoma, Wash., Sept. 2 – Citigroup Inc. plans to price 0% trigger return optimization securities due Sept. 29, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus two times the index return, subject to a maximum return of 43% to 50% that will be set at pricing.

If the index return is zero or negative and the final index level is greater than or equal to the trigger level, 75% of the initial index level, the payout will be par.

If the final index level is less than the trigger level, investors will have full exposure to the index’s decline.

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

The notes are expected to price Sept. 26 and settle Sept. 30.

The Cusip number is 17322H156.

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