Citigroup plans notes linked to Brazilian real, Mexican peso, rupee

By Angela McDaniels

Tacoma, Wash., Feb. 5 – Citigroup Global Markets Holdings Inc. plans to price 0% currency-linked notes due Feb. 16, 2021 linked to the performance of a basket of currencies relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

The basket includes equal weights of the Brazilian real, the Mexican peso and the Indian rupee. The notes reflect a bullish position with respect to the basket currencies and a bearish position with respect to the dollar.

If the final basket value is greater than the initial basket value, the payout at maturity will be par plus the digital return amount, which is expected to be at least 19% and will be set at pricing. If the final basket level is less than or equal to the initial basket level, the payout will be par.

Citigroup Global Markets Inc. is the underwriter.

The notes will price Feb. 8.

The Cusip number is 17326YZM1.

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