Citigroup to price Accelerated Return Notes linked to S&P 500 index

By Toni Weeks

San Luis Obispo, Calif., Oct. 1 - Citigroup Inc. plans to price 0% Accelerated Return Notes due Aug. 2, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus at least 124% of any index gain, with the exact leverage factor to be set at pricing.

Investors will receive par if the index falls by up to 25% and will be fully exposed to losses from the initial level if it falls by more than 25%.

The notes (Cusip: 1730T0VL0) will price Oct. 28 and settle three business days later.

Citigroup Global Markets Inc. is the agent.

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