Citigroup plans three-year trigger gears with no cap linked to S&P 500

By Susanna Moon

Chicago, April 12 – Citigroup Global Markets Holdings Inc. plans to price 0% trigger gears due April 30, 2020 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The payout at maturity will be par plus 1.42 times to 1.52 times any index gain, with the exact participation rate to be set at pricing.

Investors will receive par if the index falls by up to 15% and will be fully exposed to any losses if the index finishes below the 85% downside threshold.

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

The notes will price on April 25 and settle on April 28.

The Cusip number is 17325E507.

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