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

By Angela McDaniels

Tacoma, Wash., Sept. 23 – Citigroup Global Markets Holdings Inc. plans to price 15- to 17-month 0% buffered notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The note will be guaranteed by Citigroup Inc.

If the final index level is greater than or equal to the initial level, the payout at maturity will be par plus 140% of the index return, subject to a maximum settlement amount that is expected to be $1,134.40 to $1,158.06 per $1,000 principal amount of notes. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that it may decline beyond 10%.

The exact terms will be set at pricing.

Citigroup Global Markets Inc. is the underwriter.

The Cusip number is 17324CB47.

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