Citigroup plans 0.25% market-linked notes tied to two indexes, fund

By Marisa Wong

Morgantown, W.Va., Feb. 3 – Citigroup Inc. plans to price 0.25% market-linked notes due Aug. 27, 2021 linked to a basket containing two indexes and one exchange-traded fund, almost equally weighted, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable semiannually.

The underlying components are the Dow Jones industrial average, with a 33.34% weight, and the Nikkei 225 index and the iShares Core U.S. Aggregate Bond ETF, each with a 33.33% weight.

The payout at maturity will be par plus 100% to 120% of any basket gain, with the exact participation rate to be set at pricing.

If the basket falls, the payout will be par.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on Feb. 24.

The Cusip number is 17298C6Y9.

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