Citigroup plans to price barrier securities linked to S&P 500 index

By Toni Weeks

San Luis Obispo, Calif., Dec. 31 - Citigroup Inc. plans to price 0% barrier securities due Feb. 1, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the initial level, the payout at maturity will be par plus 95% to 105% of the index return, with the exact participation rate to be set at pricing.

Investors will receive par if the index falls by up to 30% and will be fully exposed to losses from the initial level if the index declines by more than 30%.

Citigroup Global Markets Inc. is the underwriter.

The notes will price Jan. 28 and settle three business days later.

The Cusip number is 17321F367.

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