Citi to price enhanced barrier digital plus notes tied to SPDR S&P ETF

By Emma Trincal

New York., Oct. 29 – Citigroup Global Markets Holdings Inc. plans to price 0% enhanced barrier digital plus securities due Nov. 30, 2023 linked to the SPDR S&P 500 exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

If the final share price of the ETF is greater than or equal to its barrier level, 80% of its initial level, the payout at maturity will be par plus a digital return of 17% to 20%. The final digital return will be set at pricing. Otherwise, investors will be fully exposed to the decline of the ETF from its initial share price.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on Nov. 27 and settle on Nov. 30.

The Cusip number is 17324XJD3.

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