Citigroup plans buffered notes with leverage, cap linked to S&P 500

By Susanna Moon

Chicago, March 16 – Citigroup Inc. plans to price 0% 22- to 25-month buffered notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any index gain, up to a maximum settlement amount of $1,225 to $1,264 for each $1,000 principal amount of notes. The exact cap will be set at pricing

Investors will receive par if the index falls by up to 15% and will lose 1.1765% for every 1% decline beyond 15%.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on March 18.

The Cusip number is 17298CD62.

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