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Citi plans 14-month capped gears with 3x leverage linked to Russell
By Susanna Moon
Chicago, July 12 – Citigroup Global Markets Holdings Inc. plans to price 0% capped gears due Sept. 30, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index gain, up to a maximum gain of between 13.5% and 15.5%. The exact cap will be set at pricing.
Investors will lose 1% for each 1% decline.
The notes are guaranteed by Citigroup Inc.
UBS Financial Services Inc. and Citigroup Global Markets Inc. are the agents.
The notes will price on July 26.
The Cusip number is 17326K817.
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