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Citigroup plans to price six-month 12%-14% ELKS linked to Peabody
By Toni Weeks
San Luis Obispo, Calif., Feb. 4 - Citigroup Inc. plans to price 12% to 14% annualized single observation Equity LinKed Securities due August 20, 2013 linked to Peabody Energy Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The payout at maturity will be par of $10 unless Peabody shares fall to or below 80% of the initial price on the Aug. 15, 2013 valuation day, in which case the payout will be a number of shares of Peabody stock equal to $10 divided by the initial price or, at the investor's option, an equivalent cash amount.
The notes (Cusip: 17318Q152) are expected to price Feb. 15 and settle three business days later.
Citigroup Global Markets Inc. is the underwriter.
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