Citibank to price 5.5-year market-linked CDs on Dynamic Asset Selector

By Sarah Lizee

Olympia, Wash., June 19 – Citibank, NA plans to price 0% market-linked certificates of deposit due Dec. 31, 2024 linked to the Citi Dynamic Asset Selector 5 Excess Return index, according to a term sheet.

The payout at maturity will be par plus 270% to 285% of the index return, subject to a minimum payout of par. The exact participation rate will be set at pricing.

Citigroup Global Markets Inc. is the agent. Advisors Asset Management is distributor.

The CDs will price on June 25.

The Cusip number is 17294XSS6.

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