Citigroup to price market-linked notes due 2022 tied to S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, Jan. 14 – Citigroup Global Markets Holdings Inc. plans to price 0% market-linked notes due Jan. 21, 2022 linked to the worst performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The payout at maturity will be par plus 1.5 times any gain of the lesser-performing index.

If the laggard index falls, investors will be exposed to the loss, subject to a floor of 90% of par.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on Jan. 16 and settle three business days later.

The Cusip is 17326YCR5.

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