Citigroup plans 14-month capped gears tied to Energy Select Sector fund

By Marisa Wong

Morgantown, W.Va., July 25 – Citigroup Global Markets Holdings Inc. plans to price 0% capped gears due Sept. 28, 2018 linked to the Energy Select Sector SPDR fund, according to an FWP filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the fund finishes above its initial level, the payout at maturity will be par plus 3 times the gain, up to a maximum return of 20% to 22%. The exact cap will be set at pricing.

If the fund return is negative, investors will lose 1% for each 1% decline.

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

The notes will price on July 26.

The Cusip number is 17325K800.

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