Citigroup to price market-linked notes due 2021 tied to funds, index

By Sarah Lizee

Olympia, Wash., Aug. 28 – Citigroup Global Markets Holdings Inc. plans to price 0% market-linked notes due Sept. 30, 2021 linked to an equally weighted basket of two exchange-traded funds and an index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The basket consists of the SPDR Dow Jones Industrial Average ETF Trust, the iShares MSCI Emerging Markets ETF and the Euro Stoxx 50 index.

The payout at maturity will be par plus any basket gain, up to a maximum payment of par plus 30% to 32%.

If the basket falls, investors will be exposed to the loss, subject to a floor of 90% of par.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on Sept. 25 and settle three business days later.

The Cusip is 17326Y5Z5.

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