Citigroup plans capped gears on Financial Select Sector SPDR fund

By Marisa Wong

Morgantown, W.Va., March 27 – Citigroup Global Markets Holdings Inc. plans to price 0% capped gears due May 31, 2018 linked to the Financial Select Sector SPDR fund, according to a 424B2 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 15.85% to 17.85%. 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 are expected to price March 28.

The Cusip number is 17325E812.

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