Citigroup eyes enhanced barrier digital notes on Brent Crude Oil

By Sarah Lizee

Olympia, Wash., May 22 – Citigroup Global Markets Holdings Inc. plans to price 0% enhanced barrier digital plus securities due June 11, 2020 linked to the Brent Crude Oil Futures, according to a 424B2 filing with the Securities and Exchange Commission.

If the commodity finishes at or above its 66% barrier level, the payout at maturity will be par plus the greater of the return and 3%.

Otherwise, investors will be fully exposed to the decline in the commodity

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on May 24.

The Cusip number is 17326YQ33.

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