Citigroup plans to price buffered notes linked to S&P 500 index

By Angela McDaniels

Tacoma, Wash., July 18 – Citigroup Global Markets Holdings Inc. plans to price 19- to 22-month 0% buffered notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

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 settlement amount that is expected to be between $1,160.80 and $1,188.55 per $1,000 principal amount of notes and will be set at pricing. Investors will receive par if the index declines by up to 12.5% and will lose 1.1429% for every 1% that it declines beyond 12.5%.

The notes will be guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter.

The Cusip number is 17327TQZ2.

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