Citigroup plans dual directional buffer notes linked to S&P, Stoxx

By Sarah Lizee

Olympia, Wash., Sept. 4 – Citigroup Global Markets Holdings Inc. plans to price 0% dual directional buffer securities due Sept. 28, 2023 linked to the worse performing of the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level of the worst performing index is greater than its initial index level, the payout at maturity will be par plus at least 155% of the return of the worst performing index.

If the final index level of the worst performing index is equal to or less than its initial index level by up to 30%, the payout will be par plus the absolute index return of the worst performing index.

Otherwise, investors will be exposed to any losses beyond the buffer.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent.

The notes will price on Sept. 25 and settle on Sept. 28.

The Cusip number is 17326YF92.

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