Citigroup plans enhanced barrier digital plus notes linked to Alibaba

By Susanna Moon

Chicago, Dec. 8 – Citigroup Inc. plans to price 0% enhanced barrier digital plus securities due Dec. 23, 2015 linked to American Depositary Shares representing common shares of Alibaba Group Holding Ltd., according to a 424B2 filing with the Securities and Exchange Commission.

If the shares finish at or above the barrier level, 77% of the initial level, the payout at maturity will be par plus the greater the 10.5% to 11.5% fixed return and any gain, up to a maximum return of 15%. The exact fixed return will be set at pricing.

Otherwise, investors will be exposed to any losses.

Citigroup Global Markets Inc. is the agent.

The notes will price on Dec. 18.

The Cusip number is 1730T03L1.

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