Citi intends to price dual directional market-linked notes on S&P 500

By Sarah Lizee

Olympia, Wash., March 20 – Citigroup Global Markets Holdings Inc. plans to price 0% dual directional market-linked notes due Oct. 1, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index closes below the downside knock-out level, 84.7% of the initial level, or above the upside knock-out level, 115.3% of the initial level, at any point during the life of the notes, investors will receive a knock-out return of par plus 1% at maturity.

Otherwise, investors will receive par plus the absolute value of the return.

The notes will be guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on March 27.

The Cusip number is 17326Y3P9.

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