Citigroup plans market-linked notes tied to fund, two indexes

By Devika Patel

Knoxville, Tenn., Sept. 30 – Citigroup Global Markets Holdings Inc. plans to price 0% market-linked notes due Nov. 2, 2021 linked to an unequally weighted basket containing one exchange-traded fund and two indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying components are the iShares Core U.S. Aggregate Bond ETF, with a 50% weight, the Dow Jones Industrial Average and the Euro Stoxx 50 index, each with a 25% weight each.

The payout at maturity will be par plus 90% to 100% of any basket gain, with the exact participation rate to be set at pricing.

If the basket falls, the payout will be par.

Citigroup Global Markets Inc. is the underwriter.

The notes (Cusip: 17324CBN5) are expected to price on Oct. 28 and settle three business days after pricing.

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