Citigroup plans trigger PLUS due 2020 on Financial Select Sector

By Sarah Lizee

Olympia, Wash., July 17 – Citigroup Global Markets Holdings Inc. plans to price 0% trigger Performance Leveraged Upside Securities due Nov. 4, 2020 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

The payout at maturity will be par plus at least 300% of any fund gain, capped at par plus 14.9%.

If the fund falls by up to 10%, the payout will be par.

If the fund finishes below its 90% trigger level, investors will lose 1% for each 1% decline.

Citigroup Global Markets Inc. is the agent with Morgan Stanley Wealth Management as dealer.

The notes will price on July 31.

The Cusip number is 17327P633.

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