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Citigroup plans dual directional trigger PLUS notes on Euro Stoxx 50
By Marisa Wong
Madison, Wis., Sept. 3 - Citigroup Inc. plans to price 0% dual directional trigger Performance Leveraged Upside Securities due April 3, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be par of $10 plus 126% to 130% of the index return. The exact participation rate will be set at pricing.
If the index falls but the final level is greater than or equal to the 65% trigger level, the payout will be par plus the absolute value of the return.
If the index falls by more than 35%, investors will be fully exposed to the decline in the index from the initial level.
Citigroup Global Markets Inc. is the agent.
The notes (Cusip: 17321F300) will price Sept. 30 and settle three business days later.
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