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Citigroup plans 0.25% market-linked notes tied to two indexes, fund
By Marisa Wong
Morgantown, W.Va., Oct. 8 – Citigroup Inc. plans to price 0.25% market-linked notes due May 4, 2021 linked to a basket containing two indexes and one exchange-traded fund, almost equally weighted, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable semiannually.
The underlying components are the S&P 500 index, with a 33.34% weight, the Euro Stoxx 50 index and the iShares Core U.S. Aggregate Bond ETF, the latter two with a 33.33% weight each.
The payout at maturity will be par plus 100% to 110% of any basket gain, with the exact participation rate to be set at pricing.
If the basket falls, the payout will be par.
Citigroup Global Markets Inc. is the agent.
The notes will price on Oct. 29.
The Cusip number is 17298C2U1.
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