Citigroup plans dual directional barrier notes on EAFE ETF, Stoxx 50

By Emma Trincal

New York, May 28 – Citigroup Global Markets Holdings Inc. plans to price 0% dual directional barrier securities due June 10, 2025 linked to the worst performing of the Euro Stoxx 50 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If each index finishes at or above the initial level, the payout at maturity will be par plus 1.8 times the return of the lesser performing index.

If the laggard index falls but finishes at or above the 70% barrier level, the payout at maturity will be par plus the absolute value of the return of that laggard index.

Otherwise, the payout will be par plus the laggard index return, with full exposure to losses.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on June 3.

The Cusip number is 17328VNA4.

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