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Citigroup to price accelerated return notes linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., March 27 – Citigroup Inc. plans to price 0% accelerated return notes due Oct. 4, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus 150% of the index return. The payout will be par if the final index level is less than the initial index level but greater than or equal to the barrier level, 75% of the initial index level. Investors will be fully exposed to the index’s decline from its initial level if the final index level is less than the barrier level.
Citigroup Global Markets Inc. is the underwriter.
The notes are expected to price March 30.
The Cusip number is 1730T06Q7.
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