Citigroup plans dual directional trigger jump notes linked to Amazon

By Angela McDaniels

Tacoma, Wash., March 14 – Citigroup Global Markets Holdings Inc. plans to price 0% dual directional trigger jump securities due Sept. 27, 2021 linked to the common stock of Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

If the final share price is greater than or equal to the initial share price, the payout at maturity will be par of $10 plus 29%.

If the final share price is less than the initial share price but greater than or equal to the trigger price, 80% of the initial share price, then the payout will be par plus the absolute value of the stock return.

If the final share price is less than the trigger price, investors will lose 1% for every 1% that the stock declines from its initial share price.

Citigroup Global Markets Inc. is the underwriter. Morgan Stanley Wealth Management is a dealer.

The notes will price March 22.

The Cusip number is 17326W308.

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