Citigroup plans dual directional barrier securities linked to S&P, Dow

By Angela McDaniels

Tacoma, Wash., Nov. 25 – Citigroup Global Markets Holdings Inc. plans to price 0% dual directional barrier securities due Dec. 4, 2024 linked to the lesser performing of the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the lesser-performing index’s final level is greater than or equal to its initial level, the payout at maturity will be par plus 124.3% of the return of the lesser-performing index.

If the lesser-performing index’s final level is less than its initial level but greater than or equal to its final barrier value, 70% of its initial level, the payout will be par plus the absolute value of the lesser-performing index’s return.

If the lesser-performing index’s final level is less than its final barrier value, investors will lose 1% for every 1% that the lesser-performing index declines from its initial level.

The notes will be guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter.

The notes are expected to price Nov. 26.

The Cusip number is 17327TMU7.

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