Citigroup plans trigger return optimization notes tied to Russell 2000

By Toni Weeks

San Luis Obispo, Calif., Aug. 6 – Citigroup Inc. plans to price 0% trigger return optimization securities due Aug. 31, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 1.5 times any index gain, up to a maximum return of 33.5% to 39.5%. The exact cap will be set at pricing.

If the index falls by up to the 75% trigger level, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

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

The notes will price Aug. 26 and settle Aug. 31.

The Cusip number is 17323Q783.

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