Citigroup to price barrier securities due 2025 linked to Dow, S&P 500

By Devika Patel

Knoxville, Tenn., Oct. 11 – Citigroup Global Markets Holdings Inc. plans to sell 0% barrier securities due Oct. 27, 2025 linked to the lesser performing of the Dow Jones Industrial Average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

The if the lesser performing index return is positive, the payout at maturity will be par plus 161% of the index gain.

The payout will be par if the lesser performing index falls by up to 40%. Otherwise, investors will lose 1% for each 1% decline of the lesser performing index from its initial level.

Citigroup Global Markets Inc. is the underwriter.

The notes (Cusip: 17327TKA3) will price on Oct. 18 and settle Oct. 25.

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