Citigroup plans market-linked notes due 2021 tied to Euro Stoxx 50 ETF

By Tali Rackner

Norfolk, Va., April 22 – Citigroup Global Markets Holdings Inc. plans to price 0% market-linked notes due April 30, 2021 linked to the SPDR Euro Stoxx 50 exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the underlying return is positive or falls by up to 5%, the payout at maturity will be par of $10 plus any fund gain, up to a maximum gain that is expected to be between 49% and 59%. The exact cap will be set at pricing.

If the fund falls by more than 5%, the payout will be $9.50 per note.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on April 27 and settle on April 29.

The Cusip number is 17324P164.

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