Citigroup plans enhanced barrier digital notes linked to copper, oil

By Angela McDaniels

Tacoma, Wash., June 12 – Citigroup Global Markets Holdings Inc. plans to price 0% enhanced barrier digital securities due June 25, 2018 linked to grade A copper and crude oil futures, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

If the final price of the lesser-performing commodity is greater than or equal to its barrier price, 70% of its initial price, the payout at maturity will be par plus 8.5%. Otherwise, investors will be fully exposed to the decline of the lesser-performing commodity from its initial price.

Citigroup Global Markets Inc. is the underwriter.

The notes will price June 13.

The Cusip number is 17324CKK1.

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