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Citigroup plans to price upturn securities linked to S&P 500 index
By Angela McDaniels
Tacoma, Wash., April 16 – Citigroup Global Markets Holdings Inc. plans to price 0% upturn securities due June 26, 2020 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 final index level is greater than the initial index level, the payout at maturity will be par plus 300% of the index return, subject to a maximum return that is expected to be at least 11.8% and will be set at pricing.
If the final index level is less than or equal to the initial index level, investors will be exposed to the decline.
Citigroup Global Markets Inc. is the underwriter.
The notes are expected to price April 26.
The Cusip number is 17326YP75.
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