Citigroup plans to price trigger jump notes linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., July 20 – Citigroup Inc. plans to price 0% trigger jump securities due Aug. 4, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the initial index level, the payout at maturity will be par of $10 plus the greater of the index return and the fixed return amount, which is expected to be 55% and will be set at pricing. Investors will receive par if the index declines by 35% or less and will be exposed to losses from the initial index level if the index declines by more than 35%.

Citigroup Global Markets Inc. is the agent. Morgan Stanley Wealth Management is a dealer.

The notes are expected to price July 31.

The Cusip number is 17323Q833.

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