Citigroup plans buffered notes with leverage, cap linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Feb. 13 – Citigroup Global Markets Holdings Inc. plans to price 21- to 24-month 0% buffered notes 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.

The payout at maturity will be par plus 1.5 times any index gain, up to a maximum settlement amount of $1,191.55 to $1,225.15 per $1,000 of notes. The exact cap will be set at pricing

Investors will receive par if the index falls by up to 12.5% and will lose 1.1429% for every 1% decline beyond 12.5%.

Citigroup Global Markets Inc. is the agent.

The Cusip is 17324CEJ1.

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