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Citigroup plans to price barrier securities linked to Russell 2000
By Jennifer Chiou
New York, March 18 - Citigroup Inc. plans to price 0% barrier securities due March 29, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par plus at least 100% of the index return, with the exact participation rate to be set at pricing.
Investors will receive par if the index falls by up to 20% and will be fully exposed to losses from the initial level if the index declines by more than 20%.
The notes (Cusip: 1730T0M48) are expected to price on March 26.
Citigroup Global Markets Inc. is the underwriter.
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