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Citigroup to price two-year capped buffer securities tied to S&P 500
By Marisa Wong
Morgantown, W.Va., Feb. 20 – Citigroup Global Markets Holdings Inc. plans to price 0% buffer securities due Feb. 27, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The payout at maturity will be par plus 2 times any index gain, subject to a maximum return of 15.5% to 16.5%. Investors will receive par if the index falls by up to the buffer amount of 10% and will lose 1% for every 1% that the index declines beyond the buffer.
Citigroup Global Markets Inc. is the underwriter.
The notes will price on Feb. 23.
The Cusip number is 17324CRH1.
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