Citigroup plans buffered digital securities on S&P 500, Russell 2000

By Sarah Lizee

Olympia, Wash., April 2 – Citigroup Global Markets Holdings Inc. plans to price 0% buffered digital securities due May 5, 2022 linked to the least performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the laggard index finishes above 75% of its initial level, the payout at maturity will be par plus the fixed return of 16.25% to 19.25%.

Otherwise, investors will lose 1% for every 1% decline of the laggard index beyond 25%.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on April 30.

The Cusip number is 17326YJV9.

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