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Published on 9/19/2017 in the Prospect News Structured Products Daily.

Citigroup aims to price market-linked notes tied to two indexes, fund

By Devika Patel

Knoxville, Tenn., Sept. 19 – Citigroup Global Markets Holdings Inc. plans to price market-linked notes due Sept. 29, 2022 linked to a unequally weighted basket containing two indexes and one exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

The underlying components are the S&P 500 index, with a 25% weight, the Euro Stoxx 50 index, with a 25% weight, and the iShares iBoxx $ High Yield Corporate Bond exchange-traded fund, with a 50% weight.

The payout at maturity will be par plus 100% to 110% of any basket gain.

If the basket falls, the payout will be par.

Citigroup Global Markets Inc. is the agent.

The notes (Cusip: 17324CM86) are expected to price on Sept. 26 and settle three business days after pricing.


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