Citigroup plans five-year barrier securities linked to S&P, Russell

By Sarah Lizee

Olympia, Wash., June 12 – Citigroup Global Markets Holdings Inc. plans to price 0% barrier securities due July 3, 2024 linked to the worst 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 are guaranteed by Citigroup Inc.

The payout at maturity will be par plus 350% to 450% of any gain of the worse performing index up to a maximum return of par plus 60%. The exact leverage will be set at pricing.

If the worse performing asset falls by up to 40%, the payout will be par. Otherwise, investors will be fully exposed to the decline of the lesser performing asset.

Citigroup Global Markets Inc. is the underwriter.

The notes will price June 28.

The Cusip number is 17326Y2L9.

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