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Citigroup plans to price PLUS due June 2018 linked to Russell 2000
By Angela McDaniels
Tacoma, Wash., Jan. 30 – Citigroup Global Markets Holdings Inc. plans to price 0% Performance Leveraged Upside Securities due June 5, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup, Inc.
If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return that is expected to be at least 17.65% and will be set at pricing.
If the final index level is less than the initial index level, investors will be fully exposed to the decline.
Citigroup Global Markets Inc. is the underwriter. Morgan Stanley Wealth Management is acting as a dealer.
The notes will price Feb. 15.
The Cusip number 17325E135.
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