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Citi to price enhanced barrier digital plus notes on Stoxx Europe 600
By Sarah Lizee
Olympia, Wash., Aug. 29 – Citigroup Global Markets Holdings Inc. plans to price 0% enhanced barrier digital plus securities due Sept. 28, 2023 linked to the Stoxx Europe 600 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its 75% barrier level, the payout at maturity will be par plus the greater of any gain and the 30% to 32% fixed return. The exact fixed return will be set at pricing.
Otherwise, investors will lose 1% for each 1% decline.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
The notes will price on Sept. 25 and settle on Sept. 28.
The Cusip number is 17326YFN1.
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