Citigroup plans to price five-year buffer securities tied to Dow

By Devika Patel

Knoxville, Tenn., Sept. 22 – Citigroup Global Markets Holdings Inc. plans to price 0% buffer securities due Oct. 1, 2021 linked to the Dow Jones industrial average, 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 up to 15%, and will lose 1% for every 1% that the index declines beyond the 15% buffer.

Citigroup Global Markets Inc. is the underwriter.

The notes (Cusip: 17324CAJ5) will price Sept. 28 and settle three business days after pricing.

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