Citigroup trims upside payment on notes linked to Energy Select SPDR

New York, Sept. 2 – Citigroup Inc. reduced the upside payment in its planned 0% trigger jump securities due Sept. 15, 2018 linked to the Energy Select SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.

Under the revised terms, if the final fund level is greater than or equal to its initial level, the payout at maturity will be par of $10 plus the upside payment of at least 34%. The exact upside payment will be set at pricing.

Previously the upside payment was to have been at least 36.25%.

Other terms are unchanged.

If the fund declines from its initial level but remains at or above the 80% trigger level, the payout will be par.

Investors will be exposed to losses from the initial index level if the index declines by more than 20%.

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

The notes are expected to price on Sept. 15.

The Cusip number is 17323Q684.

The estimated initial value of the securities remains $9.20 per $10.00 principal amount.

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