Citi plans two-year market-tied notes on iStoxx Europe Economic Growth

By Susanna Moon

Chicago, July 30 – Citigroup Global Markets Holdings Inc. plans to price 0% market-linked notes due Aug. 27, 2020 linked to the iStoxx Europe Economic Growth Select 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the index finishes at or above its initial level, the payout at maturity will be par plus 140% to 160% of the gain. The exact participation rate will be set at pricing.

If the index falls, the payout will be par plus the return with investors exposed to 10% of losses.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on Aug. 24.

The Cusip number is 17324CYP5.

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