Citigroup plans enhanced buffered digital notes linked to Russell 2000

By Susanna Moon

Chicago, April 6 – Citigroup Global Markets Holdings Inc. plans to price 0% enhanced buffered digital securities due May 1, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above its initial level or falls by up to the 15% buffer, the payout at maturity will be par plus the fixed return of 16.25% to 19.25%. The exact digital return will be set at pricing.

Otherwise, investors will lose 1% for every 1% decline beyond 15%.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on April 26.

The Cusip number is 17324C2M7.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.