Citigroup to sell dual directional barrier notes on S&P 500 index

New York, Oct. 26 – Citigroup Global Markets Holdings Inc. plans to price 0% dual directional barrier securities due Nov. 24, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the index finishes at or above its initial level, the payout at maturity will be par plus the 125% of the index return, subject to a cap of par plus 20% to 25%. The exact cap will be set at pricing.

If the index finishes below the initial share price but at or above the barrier price, the payout at maturity will be par plus the absolute value of the index return. The barrier level will be 80% of the initial level.

If the index finishes below the barrier level, investors will have one-to-one exposure to the decline from the initial level.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on Nov. 17 and settle five business days later.

The Cusip number is 17324CNM4.

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