Citigroup plans enhanced barrier digital plus notes tied to S&P 500

By Susanna Moon

Chicago, Sept. 22 – Citigroup Global Markets Holdings Inc. plans to price 0% enhanced barrier digital plus securities due Sept. 30, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the index finishes at or above the 80% barrier level, the payout at maturity will be par plus the greater of the gain and the fixed return of 22% to 24%. The exact digital return will be set at pricing.

Otherwise, investors will be fully exposed to any losses.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on Sept. 27.

The Cusip number is 17324CAH9.

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