Citi plans dual directional barrier digital notes on S&P, Russell

By Sarah Lizee

Olympia, Wash., Nov. 6 – Citigroup Global Markets Holdings Inc. plans to price 0% dual directional barrier digital securities due Dec. 5, 2023 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the worse performing index finishes at or above its initial level, the payout at maturity will be par plus the digital return amount of 40% to 42%.

If the worse performing index falls by up to 40%, the payout will be par plus the absolute value of the return of the worse performing index.

Otherwise, investors will be fully exposed to the decline of the lesser performing index.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on Nov. 30.

The Cusip number is 17326Y6H4.

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