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Citigroup plans 14-month capped gears linked to S&P 500
By Susanna Moon
Chicago, April 11 – Citigroup Global Markets Holdings Inc. plans to price 0% capped gears due June 29, 2018 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The payout at maturity will be par plus triple any index gain, up to a maximum return of 10.75% to 12.75%.
Investors will be exposed to any losses.
UBS Financial Services Inc. and Citigroup Global Markets Inc. are the agents.
The notes will price on April 25 and settle on April 28.
The Cusip number is 17325E481.
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