Citigroup plans to price principal-protected notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Feb. 1 – Citigroup Inc. plans to price 0% market-linked notes due Sept. 1, 2023 linked to the S&P 500 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 of $10 plus the index return, subject to a maximum return that is expected to be at least 100% and will be set at pricing. If the final index level is less than or equal to the initial index level, the payout will be par.

Citigroup Global Markets Inc. is the underwriter.

The notes will price Feb. 29.

The Cusip number is 17323P140.

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