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Citigroup plans to price PLUS due January 2019 linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Sept. 18 – Citigroup Global Markets Holdings Inc. plans to price 0% Performance Leveraged Upside Securities due Jan. 3, 2019 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.
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 11.4% 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 Sept. 29.
The Cusip number is 17325K677.
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