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Citigroup plans autocallables tied to iShares MSCI EAFE, Russell 2000
By Susanna Moon
Chicago, May 1 - Citigroup Inc. plans to price autocallable securities due June 2017 linked to the worst performing of the iShares MSCI EAFE exchange-traded fund and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annualized premium of 13.6% if each underlying component closes at or above its initial level on any review date.
If the worse performing component finishes at or above the initial level, the payout at maturity will be par plus the premium.
If the worse performing component falls by up to the 80% trigger level, the payout will be par.
Otherwise, investors will be exposed to any losses.
Citigroup Global Markets Inc. is the underwriter.
The notes will price on May 27.
The Cusip number is 1730T0Q69.
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