Citigroup plans three-year capped trigger gears tied to Russell 2000

By Susanna Moon

Chicago, Nov. 20 – Citigroup Global Markets Holdings Inc. plans to price 0% trigger gears due Nov. 30, 2021 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 2 times any index gain, up to a maximum return of 31.6% to 34.6%. The exact cap will be set at pricing.

If the index falls by up to 25%, the payout will be par.

Investors will lose 1% for each 1% decline if the index finishes below its 75% 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 Nov. 27.

The Cusip number is 17326X629.

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