Citigroup plans to price market-linked notes linked to S&P 500

By Marisa Wong

Madison, Wis., March 5 – Citigroup Inc. plans to price 0% market-linked notes due March 30, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than zero, the payout at maturity will be par plus the return, subject to a maximum return of 42.5% to 48.5% that will be set at pricing. If the index return is less than or equal to zero, the payout will be par.

Citigroup Global Markets Inc. is the agent.

The notes are expected to price March 25.

The Cusip number is 1730T05X3.

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