Citigroup plans barrier digital plus notes linked to iShares Russell

By Susanna Moon

Chicago, Feb. 4 – Citigroup Inc. plans to price 0% barrier digital plus securities due Aug. 29, 2019 linked to the iShares Russell 2000 exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the initial level, the payout at maturity will be par plus the greater of the gain and the fixed return of 20% to 25%. The exact percentage will be set at pricing.

If the index falls but finishes at or above the barrier level, 80% of the initial level, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on Feb. 24.

The Cusip number is 17298C7E2.

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