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Citi plans barrier digital plus securities linked to WisdomTree Europe
By Angela McDaniels
Tacoma, Wash., Oct. 20 – Citigroup Inc. plans to price 0% barrier digital plus securities due May 3, 2019 linked to the WisdomTree Europe Hedged Equity Fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the final share price is greater than or equal to the initial share price, the payout at maturity will be par plus the greater of the fund’s return and the fixed return amount, which is expected to be 20% to 25% and will be set at pricing.
If the final share price is less than the initial share price but greater than or equal to the barrier price, 80% of the initial share price, the payout will be par.
If the fund finishes below the barrier price, investors will be fully exposed to the fund’s decline.
Citigroup Global Markets Inc. is the underwriter.
The notes are expected to price Oct. 30.
The Cusip number is 17298C3P1.
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