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Citigroup plans to price buffer securities linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., June 2 – Citigroup Inc. plans to price 0% buffer securities due June 30, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus the index return. Investors will receive par if the index falls by 15% or less and will lose 1% for every 1% that it declines beyond 15%.
Citigroup Global Markets Inc. is the underwriter.
The notes are expected to price June 25.
The Cusip number is 17298CBU1.
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