Citigroup plans to price barrier securities on Dow, S&P

By Sarah Lizee

Olympia, Wash., May 15 – Citigroup Global Markets Holdings Inc. plans to price 0% barrier securities due May 22, 2025 linked to the worst performing of the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the final level of the worst performing index is greater than or equal to its initial level, the payout at maturity will be par plus 1.4 times the return of that index.

If the final level of the worst performing index is less than its initial level but greater than or equal to its 60% barrier level, the payout will be par.

If the final level of the worst performing index is less than the 60% barrier level, investors will be fully exposed to the decline of the worst performing index.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on May 19.

The Cusip number is 17328VVH0.

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