Citigroup to sell enhanced barrier digital plus notes on MSCI EM ETF

By Devika Patel

Knoxville, Tenn., Aug. 31 – Citigroup Global Markets Holdings Inc. plans to price 0% enhanced barrier digital plus securities due Sept. 30, 2021 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

If the fund 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 11% to 13% fixed return, subject to a maximum payout of 35%. The exact fixed return will be set at pricing.

Otherwise, investors will receive a number of shares equal to the principal divided by the initial share price or the cash equivalent.

Citigroup Global Markets Inc. is the underwriter.

The notes (Cusip: 17324XKQ2) will price on Sept. 25 and settle Sept. 28.

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