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Citigroup plans enhanced barrier digital plus securities on Euro Stoxx
By Marisa Wong
Madison, Wis., July 6 – Citigroup Inc. plans to price 0% enhanced barrier digital plus securities due July 31, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is at or above the barrier level, 80% of the initial level, the payout at maturity will be par plus the greater of the 20% to 25% fixed return amount and the index performance.
Investors will otherwise be exposed to any losses.
Citigroup Global Markets Inc. is the agent.
The notes are expected to price on July 28.
The Cusip number is 17298CCP1.
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