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Citigroup plans market-tied notes due 2019 on the iShares Russell 2000
By Susanna Moon
Chicago, Aug. 4 – Citigroup Inc. plans to price 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due March 4, 2019 linked to the iShares Russell 2000 exchange-traded fund, according to a 424B3 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any fund gain, up to a maximum return of 36% to 41%.
Investors will receive par if the fund falls by up to 10% and will be exposed to any losses beyond 10%.
Citigroup Global Markets Inc. is the agent.
The notes will price on Aug. 31.
The Cusip number is 17298CDG0.
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