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Citigroup plans barrier digital plus securities linked to Euro Stoxx 50
By Susanna Moon
Chicago, July 13 – Citigroup Global Markets Holdings Inc. plans to price 0% barrier digital plus securities due July 28, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the index finishes at or above its initial level, the payout at maturity will be par plus the greater of the index gain and the fixed return of 37% to 45%. The exact digital return will be set at pricing.
If the index falls by up to the 65% barrier level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
Citigroup Global Markets Inc. is the underwriter.
The notes will price on July 21.
The Cusip number is 17324CKV7.
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