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Citigroup to price four-year trigger step securities on Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., Feb. 23 – Citigroup Global Markets Holdings Inc. plans to price 0% trigger step securities due Feb. 28, 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 index finishes at or above its initial level, the payout at maturity will be par of $10 plus the greater of the index gain and the step return of 56.2% to 60.2%.
If the index falls by up to 25%, the payout will be par.
Investors will be fully exposed to any losses if the index finishes below its 75% downside threshold.
UBS Financial Services Inc. and Citigroup Global Markets Inc. are the agents.
The notes will price on Feb. 26.
The Cusip number is 17326E837.
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