Citigroup to price barrier digital plus notes on three indexes

By Marisa Wong

Morgantown, W.Va., June 7 – Citigroup Global Markets Holdings Inc. plans to price 0% barrier digital plus securities due June 11, 2021 linked to the worst performing of the S&P 500 index, the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the worst performing index finishes at or above its initial level, the payout at maturity will be par plus the greater of that index’s return and 36%.

If the worst performing index falls by up to 30%, the payout will be par.

If the worst performing index finishes below its 70% barrier level, the payout will be par plus the return of the worst performing index with full exposure to losses.

Citigroup Global Markets Inc. is the agent.

The notes will price on June 8.

The Cusip number is 17324CW36.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.