Citigroup plans to price leveraged notes with cap linked to S&P 500

By Marisa Wong

Morgantown, W.Va., Feb. 25 – Citigroup Inc. plans to price 0% notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are expected to mature 22 to 25 months after pricing.

The payout at maturity will be par plus 300% of any index gain, subject to a maximum return of 28.2% to 33%.

Investors will be fully exposed to any losses.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on Feb. 26.

The Cusip number is 17298CA73.

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