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Citi plans 27- to 30-month buffered notes with cap tied to MSCI EAFE
By Susanna Moon
Chicago, July 13 – Citigroup Global Markets Holdings Inc. plans to price 0% buffered notes due in between 27 to 30 months linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 170% of any index gain, up to a maximum settlement amount of $1,291.38 to $1,342.55 for each $1,000 principal amount.
Investors will receive par if the index falls by up to 15% and will lose 1.1765% for each 1% decline beyond 15%.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
The Cusip number is 17324CXQ4.
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