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Citigroup to price buffer securities due 2021 linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., Dec. 16 – Citigroup Global Markets Holdings Inc. plans to price 0% buffer securities due Dec. 23, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 150% of the index return, subject to a maximum return of 36.95%. Investors will receive par if the index declines by up to 15% and will lose 1% for every 1% that it declines beyond 15%.
The notes will be guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
The notes will price Dec. 20.
The Cusip number is 17327T5U6.
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