Citigroup plans to price buffer securities linked to Russell 2000

By Angela McDaniels

Tacoma, Wash., April 25 – Citigroup Global Markets Holdings Inc. plans to price 0% buffer securities due Nov. 13, 2020 linked to the Russell 2000 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 index level, the payout at maturity will be par plus 150% of the index return, subject to a maximum return that is expected to be at least 17.25% and will be set at pricing. Investors will receive par if the index declines by up to 10% and will lose 1% for every 1% that it might decline beyond 10%.

Citigroup Global Markets Inc. is the underwriter.

The notes will price May 1.

The Cusip number is 17326YVJ2.

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