Citigroup to price market-linked notes tied to ETF basket

By Wendy Van Sickle

Columbus, Ohio, Feb. 11 – Citigroup Global Markets Holdings Inc. plans to price 0% market-linked notes with leveraged upside participation to a cap and fixed percentage buffered downside due March 6, 2023 linked to an unequally weighted basket of exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The basket consists of the SPDR S&P 500 ETF trust with a 50% weight, the iShares Russell 2000 ETF with a 15% weight, the iShares MSCI EAFE ETF with a 15% weight, the iShares MSCI Emerging Markets ETF with a 10% weight, the Invesco DB Commodity Index Tracking Fund with a 5% weight and the Vanguard Real Estate ETF with a 5% weight.

The payout at maturity will be par plus 125% of any basket gain, capped at par plus 42% to 47%.

Investors will receive par if the basket falls by up to 15% and will lose 1% for each 1% decline beyond 15%.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on Feb. 28.

The Cusip number is 17326YHT6.

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