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Citi plans buffer notes tied to iSTOXX Global Economic Growth Select
By Susanna Moon
Chicago, April 13 – Citigroup Global Markets Holdings Inc. plans to price 0% buffer securities due April 23, 2021 tied to the iSTOXX Global Economic Growth Select 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any index gain.
Investors will receive par if the index falls by up to 25% and will be exposed to any losses beyond the buffer.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Holdings Inc. is the underwriter.
The notes will price on April 20.
The Cusip is 17324CU20.
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