Citigroup plans three-year barrier digital plus securities tied to S&P

By Susanna Moon

Chicago, March 7 – Citigroup Inc. plans to price 0% barrier digital plus securities due April 4, 2019 linked to the S&P 500 index, 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 15% to 20%. The exact digital return will be set at pricing.

If the index falls but finishes above the 80% barrier 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 March 30.

The Cusip number is 17298CB72.

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