Citigroup plans to price buffer securities linked to Russell 2000

By Marisa Wong

Madison, Wis., May 6 – Citigroup Inc. plans to price 0% buffer securities due Nov. 14, 2016 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par plus double the index return, subject to a maximum return that is expected to be 12% to 14.5% and will be set at pricing. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

Citigroup Global Markets Inc. is the underwriter.

The notes are expected to price May 8.

The Cusip number is 17298CAN8.

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