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Citigroup plans to sell index-linked notes with cap linked to S&P 500
By Wendy Van Sickle
Columbus, Ohio, July 21 – Citigroup Inc. plans to price 0% notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will mature between 22 and 25 months after pricing, with the exact maturity to be set at pricing.
The payout at maturity will be par plus triple any index gain, up to a maximum settlement amount of $1,188.70 to $1,222.00 per $1,000 note. The exact cap will be set at pricing.
Investors will be exposed to any decline in the index.
Citigroup Global Markets Inc. is the agent.
The notes will price on Aug. 1 and settle five business days after pricing.
The Cusip number is 17324C6Z4.
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