Citigroup to price 14-month upturn securities linked to S&P 500 index

By Devika Patel

Knoxville, Tenn., Sept. 19 – Citigroup Global Markets Holdings Inc. plans to price 0% upturn securities due Nov. 27, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the final index level is greater than the initial index level, the payout at maturity will be par plus 300% of the index return, subject to a maximum payout of 11%. If the index return is flat or negative, investors will lose 1% for each 1% decline of the index from its initial level.

Citigroup Global Markets Inc. is the agent.

The notes (Cusip: 17326YZC3) will price on Sept. 26 and settle Sept. 28.

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