Citigroup plans enhanced buffered digital plus notes tied to S&P 500

By Wendy Van Sickle

Columbus, Ohio, June 12 – Citigroup Global Markets Holdings Inc. plans to price 0% enhanced buffered digital plus securities due June 24, 2022 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 85% threshold, the payout at maturity will be par plus the greater of the fixed return of 18% and any gain up to a maximum return of 50%.

Otherwise, investors will be exposed to any losses beyond the 15% buffer.

The notes will be guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on June 23.

The Cusip number is 17324CKJ4.

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