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Citigroup plans barrier securities linked to Dow, Nasdaq, S&P
By Sarah Lizee
Olympia, Wash., Aug. 21 – Citigroup Global Markets Holdings Inc. plans to price 0% barrier securities due Aug. 28, 2025 linked to the worst performing of the Dow Jones industrial average, the Nasdaq-100 index and the S&P 500 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 at least 145% of the worst performing index if all three underliers finish above their initial levels.
If the worst performer declines, but not more than 30%, the payout at maturity will be par.
Otherwise, investors will be fully exposed to the decline of the worst performing index.
Citigroup Global Markets Inc. is the underwriter.
The notes will price on Aug. 24.
The Cusip number is 17328WDM7.
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