Citigroup plans barrier securities due 2020 linked to Stoxx Europe 600

By Tali Rackner

Minneapolis, April 17 – Citigroup Global Markets Holdings Inc. plans to price 0% barrier securities due April 23, 2020 linked to the Stoxx Europe 600 Banks index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

The if the index return is positive, the payout at maturity will be par plus 2 times the index gain, subject to a maximum gain of at least 67%.

The payout will be par if the index falls by up to 30%, and investors will be fully exposed to any losses beyond 30%.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on April 18.

The Cusip number is 17324CGX8.

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