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Citigroup to price buffered notes tied to MSCI EAFE index
New York, April 19 – Citigroup Global Markets Holdings Inc. plans to price 0% buffered index-linked notes due in 10 to 22 months linked to the MSCI EAFE 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 capped at a maximum settlement amount of $1,211.80 to $1,249.15 per $1,000 principal amount. The exact settlement will be set at pricing.
Investors will receive par if the index falls by up to 10% and lose 1.1111% for each 1% decline beyond 10%.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
The Cusip is 17324CUE4.
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