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Citigroup plans four-year buffered securities linked to Euro Stoxx 50
By Susanna Moon
Chicago, Jan. 8 – Citigroup Inc. plans to price 0% buffer securities due Jan. 30, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain.
Investors will receive par if the index falls by up to the buffer, 20% to 23.5%, and will be exposed to any losses beyond the buffer. The exact buffer will be set at pricing.
Citigroup Global Markets Inc. is the underwriter.
The notes will price on Jan. 26.
The Cusip number is 17298C5T1.
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