Citigroup plans 0% five-year market-linked notes tied to stock basket

By Susanna Moon

Chicago, Sept. 23 – Citigroup Inc. plans to price 0% market-linked notes due Oct. 2, 2020 linked to a basket of seven stocks, equally weighted, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying companies are Coca-Cola Co., Colgate-Palmolive Co., General Motors Co., Hershey Co., Procter & Gamble Co., Deere & Co. and Boeing Co.

The payout at maturity will be par plus any basket gain, up to a maximum return of 40% to 45%.

If the basket falls, the payout will be par plus the return with a minimum payout of 90% of par.

Citigroup Global Markets Inc. is the agent.

The notes will price on Sept. 29.

The Cusip number is 17298C2N7.

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