Citigroup to price enhanced barrier digital securities linked to oil

By Angela McDaniels

Tacoma, Wash., March 5 – Citigroup Global Markets Holdings Inc. plans to price 0% enhanced barrier digital securities due May 13, 2020 linked to Brent crude oil futures, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

If the final oil price is greater than or equal to the final barrier value, 71% of the initial price, the payout at maturity will be par plus 10%.

If the final oil price is less than the final barrier value, investors will lose 1% for every 1% that the price declines from the initial price.

Citigroup Global Markets Inc. is the underwriter. J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.

The notes will price March 8.

The Cusip number is 17326YDR4.

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