Citigroup plans step down trigger autocallables on Russell, MSCI EAFE

By Tali Rackner

Minneapolis, July 24 – Citigroup Global Markets Holdings Inc. plans to price 0% step down trigger autocallable notes due July 29, 2022 linked to the lesser performing of the Russell 2000 index and the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

The notes will be automatically called at par of $10 plus a call premium – expected to be 8.1% to 9.1% per year – if either index closes at or above its initial level on Aug. 1, 2018, July 29, 2019, July 27, 2020 or July 27, 2021 or either index finish above the downside threshold, 70% of the indexes’ respective levels, on July 25, 2022. The exact call premium will be set at pricing.

If the notes are not subject to an automatic call, then the final level of at least one index will be less than its downside threshold, 70% of its initial level, and investors will lose 1% for each 1% decline of the lesser-performing index from its initial level.

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

The notes will price on July 27 and settle on July 31.

The Cusip number is 17325K578.

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