Citigroup plans to sell index-linked notes with cap linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, April 24 – Citigroup Global Markets Holdings Inc. plans to price 0% 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 notes will mature between 13 and 15 months after pricing, with the exact maturity to be set at pricing.

The payout at maturity will be par plus double any index gain, up to a maximum settlement amount of between $1,128.20 and $1,150.60 per $1,000 of notes. The exact cap will be set at pricing.

Otherwise, investors will lose 1% for every 1% decline.

Citigroup Global Markets Inc. is the agent.

The Cusip is 17324CHW9.

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