Citigroup plans 0% market-linked notes with cap tied to seven stocks

By Susanna Moon

Chicago, Oct. 21 – Citigroup Inc. plans to price 0% market-linked notes due Nov. 4, 2020 linked to a basket of seven stocks, equally weighted, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying companies are Procter & Gamble Co., Coca-Cola Co., General Mills, Inc., Verizon Communications Inc., Lockheed Martin Corp., PepsiCo, Inc. and General Electric Co.

The payout at maturity will be par plus any basket gain, up to a maximum return of 38% to 44%.

If the basket falls, the payout will be par plus the return, subject to a minimum payout of 90% of par.

Citigroup Global Markets Inc. is the agent.

The notes will price on Oct. 30.

The Cusip number is 17298C3R7.

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