Citigroup amends cap on buffer securities tied to Russell 2000 index

By Sarah Lizee

Olympia, Wash., Jan. 22 – Citigroup Global Markets Holdings Inc. amended the maximum payout of its planned 0% buffer securities due July 30, 2020 linked to the Russell 2000 index, according to a 424B3 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 200% of the index return, subject to a maximum return of 19%. The maximum return was previously 19.3%, according to an earlier 424B2 filing.

Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

Citigroup Global Markets Inc. is the underwriter.

The notes will price Jan 25 and settle Jan. 30.

The Cusip number is 17326YJW7.

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