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Citigroup to price buffer securities due 2024 linked to S&P 500
By Angela McDaniels
Tacoma, Wash., July 9 – Citigroup Global Markets Holdings Inc. plans to price 0% buffer securities due July 26, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus 103.55% of the index return. Investors will receive par if the index declines by up to 20% and will lose 1% for every 1% that it might decline beyond 20%.
The notes will be guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
The notes will price July 19.
The Cusip number is 17327TLR5.
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