Citigroup plans enhanced barrier digital plus notes on Stoxx Europe

By Sarah Lizee

Olympia, Wash., May 23 – Citigroup Global Markets Holdings Inc. plans to price 0% enhanced barrier digital plus securities due July 1, 2024 linked to the Stoxx Europe 600 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

If the final index level is greater than or equal to the final barrier value, 80% of the initial index level, the payout at maturity will be par plus the greater of the index return and the digital return amount, which is expected to be 33% to 35% and will be set at pricing.

If the final index level is less than the final barrier value, investors will be fully exposed to the index’s decline from its initial level.

Citigroup Global Markets Inc. is the underwriter.

The notes will price June 26.

The Cusip number is 17326YZP4.

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