Citigroup plans to price five-year trigger gears linked to S&P 500

By Sarah Lizee

Olympia, Wash., Sept. 7 – Citigroup Global Markets Holdings Inc. plans to price 0% trigger gears due Sept. 28, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.42 to 1.52 times any index gain. The exact upside gearing will be set at pricing.

If the index falls by up to 20%, the payout will be par.

Investors will lose 1% for each 1% decline if the index finishes below its 80% downside threshold.

The notes are guaranteed by Citigroup Inc.

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

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

The Cusip number is 17326X314.

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