Citigroup plans step down trigger autocallables tied to Russell, Nasdaq-100

By Devika Patel

Knoxville, Tenn., June 27 – Citigroup Global Markets Holdings Inc. plans to price 0% step down trigger autocallable notes due June 30, 2022 linked to the lesser performing of the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

The notes will be automatically called at par of $10 plus a call premium – expected to be 7.1% to 8.1% per year – if each index closes at or above its initial level on July 3, 2018, June 28, 2019, June 29, 2020 or June 28, 2021 or both indexes finish above the downside threshold, 70% of the indexes’ respective levels, on June 24, 2022. The exact call premium will be set at pricing.

If the notes are not subject to an automatic call, then the final level of at least one index will be less than its downside threshold, 70% of its initial level, and investors will lose 1% for each 1% decline of the lesser-performing index from its initial level.

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

The notes (Cusip: 17325K651) will price June 28 and settle June 30.

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