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Citigroup to price Accelerated Return Notes linked to S&P 500 index
By Marisa Wong
Madison, Wis., Nov. 27 - Citigroup Inc. plans to price 0% Accelerated Return Notes due Sept. 25, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus at least 120% of any index gain, with the exact leverage factor to be set at pricing.
Investors will receive par if the index falls by up to 25% and will be fully exposed to losses from the initial level if it falls by more than 25%.
The notes (Cusip: 1730T0D71) will price Dec. 20 and settle three business days later.
Citigroup Global Markets Inc. is the agent.
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