Citigroup plans trigger autocallable notes on SPDR S&P 500 ETF trust

By Marisa Wong

Morgantown, W.Va., March 28 – Citigroup Global Markets Holdings Inc. plans to price 0% trigger autocallable notes due April 4, 2019 linked to the SPDR S&P 500 ETF trust, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

After six months, the notes will be automatically called at par of $10 plus a call return of 6.75% to 7.25% per year if the ETF shares close at or above the initial share price on any quarterly observation date.

If the notes are not called and the final share price is greater than or equal to the downside threshold level, 85% of the initial share price, the payout at maturity will be par plus the final coupon payment. Otherwise, investors will lose 1% for every 1% that the final share price is less than the initial share price.

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

The notes will price on March 29.

The Cusip number is 17325E515.

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