Citigroup plans barrier digital securities due 2023 tied to two ETFs

By Sarah Lizee

Olympia, Wash., June 6 – Citigroup Global Markets Holdings Inc. plans to price 0% barrier digital securities due June 15, 2023 linked to the worst performing of the iShares MSCI EAFE ETF and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus the digital return of 49% if each ETF finishes at or above its initial level.

The notes will pay par at maturity if the worst performing ETF declines but finishes at or above its 70% barrier level. Otherwise investors will receive par plus the return of the worst performing ETF with full exposure to any losses.

The notes will be guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on June 12.

The Cusip number is 17326YLM6.

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