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Citigroup to price buffered equity index basket-linked notes
By Marisa Wong
Los Angeles, July 30 – Citigroup Global Markets Holdings Inc. plans to price 0% buffered equity index basket-linked notes linked to an unequally weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The 25- to 28-month notes are guaranteed by Citigroup Inc.
The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 29% weight, the FTSE 100 index with a 16% weight, the Swiss Market index with an 11% weight and the S&P/ASX 200 index with an 8% weight.
If the basket return is positive, the payout will be par plus 1.4 times the gain, capped at par plus 19.292% to 22.694%.
If the basket finishes flat or falls by up to 15%, the payout will be par.
Otherwise, investors will lose 1.1765% for every 1% decline of the basket beyond 15%.
Citigroup Global Markets Inc. is the underwriter.
The Cusip number is 17328WFS2.
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