Citi intends to price dual directional market-linked notes on the Dow

By Sarah Lizee

Olympia, Wash., June 14 – Citigroup Global Markets Holdings Inc. plans to price 0% dual directional market-linked notes due June 30, 2022 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the index closes below the downside knock-out level, 75% of the initial level, or above the upside knock-out level, 125% of the initial level, at any point during the life of the notes, investors will receive a knock-out return of par plus 2% to 3% at maturity.

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

The notes will be guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on June 25.

The Cusip number is 17326YG34.

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