Citigroup plans to price trigger PLUS linked to S&P 500 index

By Marisa Wong

Morgantown, W.Va., Nov. 11 – Citigroup Inc. plans to price 0% trigger Performance Leveraged Upside Securities due Nov. 18, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus at least 150% of any index gain.

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. is the agent.

The notes will price on Nov. 13.

The Cusip number is 17323P827.

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