Citigroup plans to price PLUS linked to Russell 2000 index

By Angela McDaniels

Tacoma, Wash., Oct. 7 – Citigroup Inc. plans to price 0% Performance Leveraged Upside Securities due Jan. 20, 2017 linked to the Russell 2000 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 of $10 plus 300% of the index return, subject to a maximum return that is expected to be at least 19.05% and will be set at pricing. If the final index level is less than the initial index level, investors will have one-to-one exposure to the decline.

Citigroup Global Markets Inc. is the underwriter.

The notes are expected to price Oct. 16.

The Cusip number is 17323P108.

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