Citigroup to price barrier securities linked to index, ETF basket

By Sarah Lizee

Olympia, Wash., June 13 – Citigroup Global Markets Holdings Inc. plans to price 0% barrier securities due July 1, 2021 linked to a basket of the S&P 500 index with a 40% weight, the iShares MSCI EAFE exchange-traded fund with a 30% weight, the S&P MidCap 400 index with a 20% weight and the Russell 2000 index with a 10% weight, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the final basket level is greater than or equal to the initial level, the payout at maturity will be par plus 150% of the basket return, capped at par plus at least 22.25%. The cap will be set at pricing.

If the final basket level is less than the initial level but greater than or equal to the 75% barrier level, the payout will be par.

If the final basket level is less than the barrier level, investors will lose 1% for every 1% basket decline.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on June 26.

The Cusip number is 17326YH66.

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