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Citigroup plans contingent absolute return notes linked to Euro Stoxx
By Toni Weeks
San Luis Obispo, Calif., March 11 – Citigroup Inc. plans to price 0% contingent absolute return optimization securities due March 17, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par of $10 plus the index return, subject to a maximum return of 12% to 14% that will be set at pricing.
If the index finishes at or above the trigger level, 75% of the initial index level, the payout will be par plus the absolute value of the index return.
Otherwise, investors will be fully exposed to any losses.
Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.
The notes will price March 12 and settle March 17.
The Cusip number is 17323B638.
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