Citigroup plans to price buffer securities due 2018 tied to Russell 2000

By Wendy Van Sickle

Columbus, Ohio, Oct. 27 – Citigroup Global Markets Holdings Inc. plans to price 0% buffer securities due May 23, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 200% of the index return, subject to a maximum return of 13% to 15%. Investors will receive par if the index falls by up to 10%, and will lose 1% for every 1% that the index declines beyond the 10% buffer.

Citigroup Global Markets Inc. is the underwriter.

The notes (Cusip: 17324CCC8) will price Nov. 18 and settle three business days after pricing.

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