Citigroup plans barrier securities due 2023 linked to Nasdaq-100, Dow

By Sarah Lizee

Olympia, Wash., Sept. 17 – Citigroup Global Markets Holdings Inc. plans to price 0% barrier securities due Sept. 22, 2023 linked to the worse performing of the Nasdaq-100 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.

The payout at maturity will be par plus at least 170% of any gain of the worse performing asset. The exact leverage will be set at pricing.

If the worse performing asset falls by up to 50%, the payout will be par. Otherwise, investors will be fully exposed to the decline of the lesser performing asset.

Citigroup Global Markets Inc. is the underwriter.

The notes will price Sept. 19 and settle Sept. 24.

The Cusip number is 17326YSD9.

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