Citigroup plans dual directional barrier securities linked to indexes

By Emma Trincal

New York, Aug. 6 – Citigroup Global Markets Holdings Inc. plans to price 0% dual directional barrier securities due Aug. 29, 2025 linked to the worst performing of the S&P 500 index, the Dow Jones Industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of the least-performing index is greater than or equal to its initial level, the payout at maturity will be par plus the greater of the digital return of 22% and the underlying return of the worst performing index.

If the final underlying value of the worst performing underlying is less than its initial underlying value but greater than or equal to its final barrier level, 70% of its initial price, the payout will be par plus the absolute return of the least-performing index’s return.

If the final level of either index is less than its barrier level, investors will lose 1% for every 1% that the least-performing index declines from its initial level.

The notes will be guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent.

The notes will price Aug. 26 and settle Aug. 31.

The Cusip number is 17328WJ66.

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