Citigroup plans trigger performance securities linked to S&P 500 index

By Marisa Wong

Madison, Wis., April 17 – Citigroup Inc. plans to price 0% trigger performance securities due April 30, 2019 linked to the S&P 500 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 135% to 143% of the index return, with the exact participation rate to be determined at pricing.

If the index return is zero or negative and the final level is greater than or equal to the trigger level, 80% of the initial level, the payout will be par.

If the final level is less than the trigger level, investors will be fully exposed to the decline in the index from its initial level.

Citigroup Global Markets Inc. is the underwriter. UBS Financial Services Inc. is the agent.

The notes are expected to price on April 27 and settle on April 30.

The Cusip number is 17323B422.

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