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Citigroup plans callable contingent coupon notes on three indexes
By Sarah Lizee
Olympia, Wash., May 18 – Citigroup Global Markets Holdings Inc. plans to price callable contingent coupon notes due May 31, 2024 linked to the worst performing of the S&P 500 index, the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Global Markets Inc.
The notes pay a contingent monthly coupon at an annualized rate of 7% to 8% if each asset closes at or above its coupon barrier level, 60% of its initial level, on the valuation date for that period.
If each asset finishes at or above its final barrier level, 60% of its initial level, the payout at maturity will be par plus the coupon, if any. Otherwise, investors will be exposed to the decline of the least-performing asset.
Citigroup Global Markets Inc. is the underwriter.
The notes will price on May 26.
The Cusip number is 17328VWU0.
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