Citigroup plans enhanced buffered digital notes linked to Dow Jones

By Tali Rackner

Norfolk, Va., Sept. 22 – Citigroup Global Markets Holdings Inc. plans to price 0% enhanced buffered digital securities due Oct. 1, 2020, linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the final index level is at least 85% of the initial level, the payout at maturity will be par plus the fixed return of 19% to 22%. Otherwise, investors will have one-to-one exposure to losses beyond 15%.

Citigroup Global Markets Inc. is the agent.

The notes will price on Sept. 27.

The Cusip number is 17324CAM8.

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