Citigroup plans notes with minimum payout linked to S&P 500, Russell

By Angela McDaniels

Tacoma, Wash., Nov. 15 – Citigroup Global Markets Holdings Inc. plans to price 0% market-linked notes due May 30, 2025 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of the lesser-performing index is greater than its initial level, the payout at maturity will be par plus the lesser-performing index’s return, subject to a maximum return of 50%.

If the final level of the lesser-performing index is less than or equal to its initial level, investors will be exposed to that index’s decline, subject to a minimum payout of $950 per $1,000 principal amount of notes.

The notes will be guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent.

The notes will price Nov. 25.

The Cusip number is 17327TUT1.

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