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Citigroup plans buffered equity notes linked to index basket
By Susanna Moon
Chicago, March 27 – Citigroup Global Markets Holdings Inc. plans to price 0% notes due Sept. 28, 2018 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
The payout at maturity will be par of $1,000 plus 1.6 times any basket gain, up to a maximum payout of between $1,336.32 and $1,395.52 for each $1,000 principal amount.
If the basket finishes flat or falls by up to 15%, the payout will be par.
If the basket falls by more than 15%, investors will lose 1.1765% for each 1% decline beyond 15%.
Citigroup Global Markets Inc. is the underwriter.
The Cusip number is 17324CGQ3.
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