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Citibank to price five-year market-linked CDs linked to Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., Feb. 15 – Citibank, NA plans to price 0% market-linked certificates of deposit due Feb. 29, 2024 linked to the Euro Stoxx 50 index, according to a term sheet.
The payout at maturity will be par plus 130% to 150% of the index return, subject to a minimum payout of par. The exact participation rate will be set at pricing.
Citigroup Global Markets Inc. is the agent. Advisors Asset Management is distributor.
The CDs will price Feb. 25.
The Cusip number is 17294XNU6.
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