Citigroup to price buffered digital securities linked to the Dow

By Sarah Lizee

Olympia, Wash., April 2 – Citigroup Global Markets Holdings Inc. plans to price 0% buffered digital securities due April 28, 2022 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

If the index finishes at or above its initial level or falls by up to 15%, the payout at maturity will be par plus the fixed return, which is expected to be 15% to 18% and will be set at pricing. Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.

Citigroup Global Markets Inc. is the agent.

The notes (Cusip: 17326YZ41) will price on April 25.

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