Citi to price enhanced barrier digital plus notes tied to SPDR Dow ETF

By Sarah Lizee

Olympia, Wash., May 7 – Citigroup Global Markets Holdings Inc. plans to price 0% enhanced barrier digital plus securities due May 31, 2024 linked to the SPDR Dow Jones industrial average ETF trust, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

If the final share price of the ETF is greater than or equal to its barrier level, 80% of its initial level, the payout at maturity will be par plus the greater of the ETF return and a digital return of 17% to 20%. The final digital return will be set at pricing.

Otherwise, investors will receive a number of shares equal to $1,000 divided by the initial share price or, at the issuer’s option, the cash equivalent.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on May 28.

The Cusip number is 17324XPP9.

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