Citigroup plans buffered PLUS due 2018 with 27% cap linked to Topix

By Susanna Moon

Chicago, Aug. 3 – Citigroup Inc. plans to price 0% buffered Performance Leveraged Upside Securities due Sept. 6, 2018 linked to the Topix index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 200% of any index gain, up to a maximum return of 27%.

Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

Citigroup Global Markets Inc. is the underwriter with Morgan Stanley Wealth Management as distributor.

The notes will price on Aug. 31.

The Cusip number is 17323Q775.

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