Citigroup plans to price buffer securities linked to Dow, Russell 2000

By Devika Patel

Knoxville, Tenn., Jan. 29 – Citigroup Inc. plans to price 0% buffer securities due August 2019 linked to the worst performing of the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the worst-performing index finishes at or above its initial level, the payout at maturity will be par plus 150% to 160% of the return of the worst-performing index, with the exact participation rate to be set at pricing.

If the worst-performing index falls by up to 15%, the payout at maturity will be par.

Otherwise, investors will be exposed to any declines in the worst-performing index beyond the 15% buffer.

Citigroup Global Markets Inc. is the underwriter.

The notes (Cusip: 17298C6U7) are expected to price on Feb. 25 and settle two business days after pricing.

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