Citigroup plans trigger autocallable notes tied to Vaneck Vectors Oil

By Devika Patel

Knoxville, Tenn., June 25 – Citigroup Global Markets Holdings Inc. plans to price 0% trigger autocallable notes due June 30, 2023 linked to the Vaneck Vectors Oil Services ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

The notes will be called at par of $10 plus an annualized call return of at least 10% if the fund closes at or above the initial level on any quarterly observation date after July 1, 2019. The exact call return will be set at pricing.

If the notes are not called, then the fund return is negative. Investors will receive par unless the fund finishes below the downside threshold level, which is expected to be between 53% and 59% of the initial price and will be set at pricing, in which case investors will be fully exposed to any losses.

Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.

The notes (Cusip: 17326K551) will price June 27 and settle June 29.

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