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Citigroup plans trigger return optimization notes on S&P MidCap 400
By Susanna Moon
Chicago, June 30 – Citigroup Inc. plans to price 0% trigger return optimization securities due July 31, 2018 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 1.5 times any index gain, up to a maximum return of 28.5% to 35.5%. The exact cap will be set at pricing.
If the index falls by up to the 80% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.
The notes will price on July 28 and settle on July 31.
The Cusip number is 17323Q882.
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