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Citigroup plans to price market-linked notes linked to Euro Stoxx 50
By Marisa Wong
Madison, Wis., April 17 – Citigroup Inc. plans to price 0% market-linked securities due Feb. 5, 2019 with leveraged upside participation to a cap and fixed percentage buffered downside linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par plus 175% of the index gain, subject to a maximum return of 37% to 42% that will be set at pricing.
If the final index level is at least 80% of the initial level, the payout will be par. Otherwie, investors will lose 1% for every 1% decline beyond the 20% buffer.
Citigroup Global Markets Inc. is the agent.
The notes are expected to price on April 30.
The Cusip number is 1730T07C7.
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