Citigroup plans five-year leveraged barrier notes tied to two indexes

By Susanna Moon

Chicago, July 25 – Citigroup Global Markets Holdings Inc. plans to price 0% barrier securities due Sept. 6, 2023 linked to the worse performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each underlying asset finishes at or above its initial level, the payout at maturity will be par plus 375% to 425% of the gain of the worse performing index up to a maximum return of 60%.

If either index falls by up to its 60% barrier level, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on Aug. 31.

The Cusip number is 17324CYE0.

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