Citigroup to price buffer securities due 2020 linked to S&P 500 index

By Sarah Lizee

Olympia, Wash., April 4 – Citigroup Global Markets Holdings Inc. plans to price 0% buffer securities due June 4, 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.

If the final index level is greater than the initial level, the payout at maturity will be par plus 200% of the index return, capped at par plus 9% to 11%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it may decline beyond 10%.

Citigroup Global Markets Inc. is the underwriter.

The notes are expected to price April 30.

The Cusip number is 17326YUJ3.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.