Citigroup to price barrier digital plus securities tied to Euro Stoxx

By Marisa Wong

Morgantown, W.Va., June 19 – Citigroup Global Markets Holdings Inc. plans to price 0% barrier digital plus securities due June 30, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus the greater of the index return and the fixed return amount, which is expected to be 40% to 50% and will be set at pricing.

If the final index level is less than the initial index level but greater than or equal to the barrier level, 65% of the initial index level, the payout will be par.

If the final index level is less than the barrier level, investors will be fully exposed to the index’s decline from its initial level.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on June 23.

The Cusip number is 17324CK39.

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