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Citigroup offers buffered PLUS linked to Energy Select Sector SPDR
By Devika Patel
Knoxville, Tenn., Jan. 15 – Citigroup Inc. plans to price 0% buffered Performance Leveraged Upside Securities due Feb. 1, 2019 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus double any fund gain, up to a maximum return of at least 46.75% that will be set at pricing.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.
Citigroup Global Markets Inc. is the underwriter.
The notes (Cusip: 17323P389) are expected to price on Jan. 29 and settle three business days after pricing.
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