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Citigroup plans dual directional barrier notes linked to Euro Stoxx 50
By Susanna Moon
Chicago, Sept. 15 – Citigroup Global Markets Holdings Inc. plans to price 0% dual directional barrier securities due Oct. 4, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If the index finishes at or above the initial level, the payout at maturity will be par plus the gain, up to a maximum return of 8%.
If the index falls but finishes at or above the 78.65% barrier level, the payout at maturity will be par plus the absolute value of the index return.
Otherwise, investors will be fully exposed to any losses.
Citigroup Global Markets Inc. is the underwriter.
The notes will price on Sept. 16 and settle on Sept. 21.
The Cusip number is 17324CAZ9.
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