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Citigroup aims to sell capped leveraged notes linked to S&P 500 index
By Devika Patel
Knoxville, Tenn., Jan. 31 – Citigroup Global Markets Holdings Inc. plans to price 21- to 24-month 0% index-linked notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
The exact maturity will be set at pricing.
The payout at maturity will be par plus triple any index gain, up to a maximum settlement amount of between $1,192.60 and $1,226.50 per $1,000 of notes. The exact cap will be set at pricing.
Investors will lose 1% for each 1% decline.
Citigroup Global Markets Inc. is the agent.
The Cusip is 17324CEB8.
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