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Citigroup plans enhanced buffered digital notes tied to Russell 2000
By Susanna Moon
Chicago, Dec. 20 – Citigroup Global Markets Holdings Inc. plans to price 0% enhanced buffered digital securities due Jan. 2, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the index finishes above the 85% threshold level, the payout at maturity will be par plus the fixed return of 15% to 18%. The exact return will be set at pricing.
If the index falls by more than 15%, investors will lose 1% for every 1% decline beyond the buffer.
Citigroup Global Markets Inc. is the underwriter.
The notes will price on Dec. 27.
The Cusip number is 17324CD78.
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