Citigroup plans to price buffer securities linked to Russell 2000

By Angela McDaniels

Tacoma, Wash., March 6 – Citigroup Global Markets Holdings Inc. plans to price 0% buffer securities due March 31, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

If the final index level is greater than the initial index level, the payout at maturity will be par plus 130% to 150% of the index return, subject to a maximum return of 50%. The actual leverage factor will be set at pricing. Investors will receive par if the index declines by 15% or less and will lose 1% for every 1% that it declines beyond 15%.

Citigroup Global Markets Inc. is the underwriter.

The notes will price March 27.

The Cusip number is 17324CGA8.

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