Citigroup plans buffered digital plus securities tied to Stoxx 50

By Sarah Lizee

Olympia, Wash., Oct. 25 – Citigroup Global Markets Holdings Inc. plans to price 0% buffered digital plus securities due Nov. 30, 2023 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 final index level is greater than or equal the initial level, the payout at maturity will be par plus the greater of the index return and the digital return amount of at least 55%, with the exact digital return to be set at pricing.

Investors will receive par if the index declines by up to 25% and will lose 1% for each 1% decline beyond the 25% buffer level.

Citigroup Global Markets Inc. is the underwriter.

The notes (Cusip: 17326Y3W4) will price on Nov. 27 and settle on Nov. 30.

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