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Citi plans 16- to 18-month buffered digital notes tied to Stoxx 50
By Sarah Lizee
Olympia, Wash., March 20 – Citigroup Global Markets Holdings Inc. plans to price 0% buffered digital notes due in 16 to 18 months 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 90% of its initial level, the payout at maturity will be $1,112.20 to $1,131.60 per $1,000 note.
Otherwise, investors will lose 1.1111% for each 1% decline beyond the buffer.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
The Cusip number is 17326YCL8.
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