Citi plans three-year buffered digital notes tied to S&P, Russell

By Susanna Moon

Chicago, Nov. 21 – Citigroup Global Markets Holdings Inc. plans to price 0% buffered digital notes due Dec. 3, 2021 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its 75% threshold, the payout at maturity will be par plus the greater of the digital return of 17.5% to 19.5% and the gain of the worse performing index.

Otherwise, investors will lose 1% for each 1% decline of the worse performing index beyond 25%.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent.

The notes will price on Nov. 30.

The Cusip number is 17326YUW4.

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