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Citigroup plans enhanced barrier digital plus notes on SPDR S&P 500
By Susanna Moon
Chicago, Feb. 26 – Citigroup Global Markets Holdings Inc. plans to price 0% enhanced barrier digital plus securities due April 1, 2024 linked to the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund finishes at or above its 80% barrier level, the payout at maturity will be par plus the greater of any index gain and the fixed return amount of 20% to 23%. The exact digital return will be set at pricing.
Otherwise, investors will lose 1% for each 1% decline.
The notes will be guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
The notes will price on March 26.
The Cusip number is 17324XGH7.
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