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Citigroup plans accelerated return notes due 2020 linked to S&P 500
By Susanna Moon
Chicago, Jan. 11 – Citigroup Global Markets Holdings Inc. plans to price 0% accelerated return notes due July 30, 2020 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 123.5% of any index gain.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% barrier level.
Citigroup Global Markets Inc. is the underwriter.
The notes will price on Jan. 26.
The Cusip number is 17324CE28.
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