Citigroup Global aims to price barrier digital plus securities on S&P

By Devika Patel

Knoxville, Tenn., Jan. 25 – Citigroup Global Markets Holdings Inc. plans to price 0% barrier digital plus securities due Feb. 2, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the initial level, the payout at maturity will be par plus the greater of the gain and the fixed return of 40% to 45%. The exact return will be set at pricing.

If the index falls but finishes at or above the 75% barrier level, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline of the index from its initial level.

Citigroup Global Markets Inc. is the underwriter.

The notes (Cusip: 17324CQR0) will price Jan. 26 and settle three business days after pricing.

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