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Citigroup plans market-linked notes on iStoxx Europe Economic Growth
By Devika Patel
Knoxville, Tenn., June 4 – Citigroup Global Markets Holdings Inc. intends to price 0% market-linked notes due July 2, 2020 linked to the iStoxx Europe Economic Growth Select 50 index, according to an FWP filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
The payout at maturity will be par plus 140% to 160% of any index gain. The exact participation rate will be set at pricing.
If the index falls, the payout will be par plus the index return, subject to a minimum payout of $900 per $1,000 of notes.
Citigroup Global Markets Inc. is the underwriter.
The notes (Cusip: 17324CVN3) will price on June 28 and settle three business days after pricing.
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