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Citigroup plans 14-month buffer securities linked to FTSE 100
By Marisa Wong
Morgantown, W.Va., June 26 – Citigroup Global Markets Holdings Inc. plans to price 0% buffer securities due Aug. 30, 2018 linked to the FTSE 100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the index return is positive, the payout at maturity will be par plus 125% of the index gain, subject to a maximum return of 13.15%. Investors will receive par if the index falls by up to 10%, and will lose 1% for every 1% that the index declines beyond the 10% buffer.
Citigroup Global Markets Inc. is the agent.
The notes will price on June 27.
The Cusip number is 17324CK96.
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