Citigroup plans capped trigger gears linked to Financial Select SPDR

By Susanna Moon

Chicago, Dec. 13 – Citigroup Global Markets Holdings Inc. plans to price 0% capped trigger gears due Dec. 31, 2019 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The payout at maturity will be par of $10 plus double any fund gain, up to a maximum return of 35% to 39%.

Investors will receive par if the fund falls by up to 20% and will be fully exposed to any losses if the fund finishes below the 80% trigger level.

UBS Financial Services Inc. and Citigroup Global Markets Holdings Inc. are the underwriters.

The notes will price on Dec. 27 and settle on Dec. 30.

The Cusip number is 17325E390.

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