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Citigroup plans to price market-linked notes linked to Russell 2000
By Emma Trincal
New York, March 24 – Citigroup Global Markets Holdings Inc. plans to price 0% market-linked notes due Oct. 4, 2024 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The payout at maturity will be par plus 2 times any index gain, subject to a maximum payout of par plus at least 20%. The exact cap will be set at pricing.
If the index declines by up to 10%, the payout will be par. Investors will be exposed to any losses beyond 10%.
Citigroup Global Markets Inc. is the underwriter.
The notes will price on March 30 and settle on April 4.
The Cusip number is 17330AN81.
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