Citigroup plans enhanced barrier digital notes linked to S&P, Russell

By Sarah Lizee

Olympia, Wash., June 10 – Citigroup Global Markets Holdings Inc. plans to price 0% enhanced barrier digital securities due July 31, 2020 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.

The notes will be guaranteed by Citigroup Inc.

If both indexes finish at or above their initial levels, the payout will be par plus 7.25% to 9.25%.

If either index finishes below its initial level but neither has ever closed below 70% of its initial level, the payout will be par.

If either index finishes below its initial level and either has ever closed below 70% of its initial level, the payout will be par plus the return of the worse performing index with full exposure to the decline.

Citigroup Global Markets Inc. is the underwriter.

The notes will price June 28.

The Cusip number is 17326YG83.

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