Citigroup to price barrier digital plus securities linked to S&P 500

By Toni Weeks

San Luis Obispo, Calif., June 6 - Citigroup Inc. plans to price 0% enhanced barrier digital plus securities due June 28, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the barrier level - 70% of the initial 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 12% to 15% and will be set at pricing.

If the final index level falls below the barrier level, investors will be fully exposed to the index decline.

The notes (Cusip: 1730T0TU3) are expected to price June 24 and settle three business days later.

Citigroup Global Markets Inc. is the underwriter.

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