Citigroup plans enhanced barrier digital plus notes on Euro Stoxx 50

By Devika Patel

Knoxville, Tenn., Dec. 27 – Citigroup Global Markets Holdings Inc. plans to price 0% enhanced barrier digital plus securities due Jan. 30, 2023 linked to the Euro Stoxx 50 index, 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 barrier level, 80% of the initial level, the payout at maturity will be par plus the greater of any gain and the 38% to 42% fixed return. The exact fixed return will be set at pricing.

Otherwise, investors will lose 1% for each 1% decline of the index from its initial level.

Citigroup Global Markets Inc. is the underwriter.

The notes (Cusip: 17324CQ82) will price on Jan. 25 and settle three business days after pricing.

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