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Citigroup to price buffer securities due 2022 linked to index, ETF
By Sarah Lizee
Olympia, Wash., March 18 – Citigroup Global Markets Holdings Inc. plans to price 0% buffer securities due March 24, 2022 linked to the lesser performing of the MSCI AC Asia ex Japan index and the iShares MSCI Emerging Markets ETF, 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 143.5% of any gain of the lesser performing asset.
Investors will receive par if the lesser performing asset falls by up to the buffer amount of 15% and will lose 1% for every 1% that the laggard asset declines beyond the buffer.
Citigroup Global Markets Inc. is the underwriter.
The notes will price on March 20.
The Cusip number is 17326YVK9.
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