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Citigroup plans to price capped gears due 2019 tied to S&P 500 index
By Sarah Lizee
Olympia, Wash., June 4 – Citigroup Global Markets Holdings Inc. plans to price 0% capped gears due Aug. 30, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If the index return is positive, the payout at maturity will be par of $10 plus three times the index return, subject to a maximum return that is expected to be 11.5% to 12.95% and will be set at pricing.
If the index return is negative, investors will be exposed to the index’s decline from its initial level.
Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.
The notes will price June 26 and settle June 29.
The Cusip number is 17326K882.
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