Citi plans four-year buffer notes with cap tied to Nasdaq-100, Russell

By Susanna Moon

Chicago, Sept. 24 – Citigroup Global Markets Holdings Inc. plans to price 0% buffered notes due Oct. 7, 2022 linked to the worse performing of the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout at maturity will be par plus the gain of the worse performing index, up to an underlying return cap of 67%.

Investors will receive par if either index falls by up to 25% and will lose 1% for each 1% decline of the worse performing index beyond 25%.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent.

The notes will price on Oct. 4.

The Cusip number is 17326Y2V7.

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