Citigroup plans PLUS due 2016 on Energy Select Sector SPDR fund

By Jennifer Chiou

New York, Dec. 2 – Citigroup Inc. plans to price 0% Performance Leveraged Upside Securities due April 2016 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 300% of any fund gain, subject to a maximum payment of at least $2.00 per note.

Investors will share in any losses.

The notes (Cusip: 17322X599) will price on Dec. 30.

Citigroup Global Markets Inc. is the underwriter.

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