Citigroup plans to price buffered notes linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., Jan. 28 – Citigroup Inc. plans to price 24- to 27- month 0% buffered notes linked to the Euro Stoxx 50 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 $1,327 to $1,384 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 10%, the payout will be par. If the index return is below the buffer amount, investors will lose 1.1111% for every 1% that the index declines beyond 10%.

Citigroup Global Markets Inc. is the underwriter.

The notes will price Feb. 3

The Cusip number is 17298C6R4.

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