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Citigroup to price 1.1% market-linked notes tied to Brent crude oil
By Jennifer Chiou
New York, Nov. 3 - Citigroup Funding Inc. plans to price 1.1% market-linked notes due Nov. 21, 2016 linked to the Brent blend crude oil futures contract, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus a participation rate of 80% to 120% times any gain in the commodity. The exact rate will be set at pricing.
Investors will receive par if the commodity falls or remains flat.
The notes (Cusip: 1730T0PY9) will price on Nov. 16.
Citigroup Global Markets Inc. is the underwriter.
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