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Citigroup plans to price trigger PLUS tied to the Euro Stoxx 50 index
By Devika Patel
Knoxville, Tenn., Dec. 11 – Citigroup Inc. plans to price 0% trigger Performance Leveraged Upside Securities due December 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 200% of any index gain, up to a maximum return of at least 55.55%. The exact cap will be set at pricing.
If the index falls but remains at or above the 80% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
Citigroup Global Markets Inc. is the agent.
The notes (Cusip: 17323P744) are expected to price on Dec. 18 and settle Dec. 24.
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