Citigroup plans dual directional barrier notes linked to Dow Jones

By Wendy Van Sickle

Columbus, Ohio, Sept. 30 – Citigroup Global Markets Holdings Inc. plans to price 0% dual directional barrier securities due Oct. 26, 2022 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

If the index finishes at or above the initial level, the payout at maturity will be par plus 28% to 38%.

If the index finishes below the initial level but at or above the barrier level, 70% of the initial level, the payout at maturity will be par plus the absolute value of the index return.

If the index finishes below the barrier level, investors will be exposed to the index’s decline from its initial level.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on Oct. 21.

The Cusip number is 17324CBG0.

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