Citigroup plans to price buffered notes linked to S&P 500 index

By Angela McDaniels

Tacoma, Wash., Dec. 3 – Citigroup Inc. plans to price 20- to 23- month 0% buffered notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 150% of the index return, subject to a maximum settlement amount that is expected to be $1,180.00 to $1,211.50 per $1,000 principal amount of notes and will be set at pricing. If the index return is zero or negative but not below negative 12.5%, the payout will be par. If the index return is below the buffer amount, investors will lose 1.1429% for every 1% that the index declines beyond 12.5%.

Citigroup Global Markets Inc. is the underwriter.

The notes will price Dec. 4.

The Cusip number is 17298C4R6.

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