Setting a Scheduled Event as High Priority for Others to See

Hi all. In previous versions of Outlook, I had the option of setting a calendar invite to "High Priority" that other invitees would see when it hit their inboxes. I'm struggling to find the same functionality in the "New Outlook" preview and was wondering if anyone had insight into whether or not it still exists or has been removed. Any info or assistance woule be greatly appreciated.

Thanks

AJ K.