Citigroup plans dual directional barrier securities tied to Euro Stoxx

By Marisa Wong

Morgantown, W.Va., Dec. 9 – Citigroup Inc. plans to price 0% dual directional barrier securities due June 21, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the barrier level, 80.55% of the initial level, the payout at maturity will be par plus the absolute value of the index return, subject to a maximum return of 19.45%.

If the index finishes below the barrier level, the payout will be par plus the index return, with full exposure to losses.

The final index level will be the average of the closing index levels on the five trading days ending June 16, 2017.

Citigroup Global Markets Inc. is the underwriter.

The notes will price Dec. 11 and settle Dec. 16.

The Cusip number is 17298C5E4.

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