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Citibank plans to price CDs linked to Citi Dynamic Asset Selector 5
By Angela McDaniels
Tacoma, Wash., July 30 – Citibank, NA plans to price 0% market-linked certificates of deposit due Feb. 3, 2022 linked to the Citi Dynamic Asset Selector 5 Excess Return index, according to a term sheet.
If the index return is greater than zero, the payout at maturity will be par plus 100% to 115% of the index return. The exact participation rate will be set at pricing. If the index return is less than or equal to zero, the payout will be par.
Citigroup Global Markets Inc. is the agent. Advisors Asset Management is distributor.
The CDs will price July 31.
The Cusip number is 17294XTV8.
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