Citigroup to price barrier absolute return market-linked notes on Dow

By Devika Patel

Knoxville, Tenn., July 6 – Citigroup Global Markets Holdings Inc. plans to price 0% barrier absolute return market-linked notes with daily barrier observation due July 21, 2020 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

A barrier event will occur if the index closes above the upper barrier, expected to be between 121% and 122% of the initial level, or below the lower barrier, expected to be between 78% and 79% of the initial level, during the life of the notes. The exact barriers will be set at pricing.

If a barrier event occurs, the payout at maturity will be par of $1,000 plus 2%.

If no barrier event occurs, the payout will be par plus the absolute value of the index return.

Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.

The notes (Cusip: 17324CWY8) will price on July 16 and settle on July 19.

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