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Citigroup plans two-year capped buffer gears linked to S&P 500 index
By Susanna Moon
Chicago, Oct. 6 – Citigroup Global Markets Holdings Inc. plans to price 0% capped buffer gears due Oct. 31, 2018 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 of $10 plus double any index gain, up to a maximum return of 13.25% to 16.25%. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 10% and lose 1% for each 1% decline beyond 10%.
Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.
The notes guaranteed by Citigroup Inc.
The notes will price on Oct. 26 and settle on Oct. 31.
The Cusip number is 17324P727.
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