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Citigroup plans to price PLUS linked to Euro Stoxx 50 index
By Wendy Van Sickle
Columbus, Ohio, Aug. 26 – Citigroup Global Markets Holdings Inc. plans to price 0% Performance Leveraged Upside Securities due Jan. 3, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the index return is positive, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return of at least 24.55%. The exact cap will be set at pricing.
If the index return is negative, investors will be fully exposed to the decline.
Citigroup Global Markets Inc. is the underwriter.
The notes will price on Sept. 16.
The Cusip number is 17324P503.
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