Citigroup plans trigger absolute return step notes on Euro Stoxx 50

By Devika Patel

Knoxville, Tenn., Aug. 21 – Citigroup Global Markets Holdings Inc. plans to price 0% trigger absolute return step securities due Aug. 31, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

If the final index level is greater than or equal to the initial level, the payout at maturity will be par of $10 plus the greater of the step return and the index return. The step return is expected to be 44% to 48% and will be set at pricing.

If the final index level is less than the initial level but greater than or equal to the downside threshold level, 70% of the initial level, the payout will be par plus the absolute value of the index return.

If the final level is less than the downside threshold level, investors will lose 1% for every 1% that the final level is less than the initial level.

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

. The notes (Cusip: 17325K230) are expected to price on Aug. 29 and settle on Aug. 31.

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