Citigroup intends to price market-linked notes tied to S&P 500 index

By Sarah Lizee

Olympia, Wash., Feb. 27 – Citigroup Global Markets Holdings Inc. plans to price 0% market-linked notes due April 1, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the final index level is greater than the initial level, the payout at maturity will be par plus the index gain.

If the final level is less than or equal to the initial level, investors will lose 1% for every 1% decline of the index, subject to a minimum payout of 95% of par.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on March 26.

The Cusip number is 17326YNT9.

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