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Citigroup plans leveraged buffered notes with cap linked to S&P 500
By Susanna Moon
Chicago, June 21 – Citigroup Global Markets Holdings Inc. plans to price 25- to 28-month 0% buffered notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
The payout at maturity will be par plus 160% of any index gain, up to a maximum settlement amount of $1,236.80 to $1,278.40 for each $1,000 of notes.
Investors will receive par if the index falls by up to 15% and will lose 1.1765% for every 1% decline beyond 15%.
The exact maturity date and cap will be set at pricing.
Citigroup Global Markets Inc. is the underwriter.
The notes will price on June 23.
The Cusip number is 17324C6E1.
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