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Citigroup plans to price buffer securities linked to S&P
By Sarah Lizee
Olympia, Wash., Aug. 27 – Citigroup Global Markets Holdings Inc. plans to price 0% buffer securities due Dec. 3, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If the final index level is greater than the initial level, the payout at maturity will be par plus 200% of the index return, subject to a maximum return that is expected to be 8% to 10% and will be set at pricing. Investors will receive par if the index declines by up to 10% and will lose 1% for every 1% that it declines beyond 10%.
Citigroup Global Markets Inc. is the underwriter.
The notes will price Aug. 30.
The Cusip number is 17327TXF8.
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