Citigroup plans enhanced barrier digital plus securities linked to Dow

By Angela McDaniels

Tacoma, Wash., April 4 – Citigroup Global Markets Holdings Inc. plans to price 0% enhanced barrier digital plus securities due May 4, 2021 linked to 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 index level is greater than or equal to the barrier level, 80% of the initial index level, the payout at maturity will be par plus the greater of the index return and the fixed return amount, which is expected to be 24% to 28% and will be set at pricing. Otherwise, investors will be fully exposed to the index’s decline from its initial level.

Citigroup Global Markets Inc. is the underwriter.

The notes will price April 29.

The Cusip number is 17324C2D7.

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