Citigroup plans to price buffer securities linked to Dow, Russell 2000

By Tali Rackner

Norfolk, Va., March 16 – Citigroup Inc. plans to price 0% buffer securities due Oct. 3, 2019 linked to the worst performing of the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index return is positive, the payout at maturity will be par plus 145% to 155% of the index return, with the exact upside amount to be set at pricing.

Investors will receive par if either index falls by 15% or less and will be fully exposed to the decline of the least performing index beyond 15%

Citigroup Global Markets Inc. is the underwriter.

The notes will price on March 29.

The Cusip number is 17298CB98.

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