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Citigroup to price 14-month capped gears linked to Russell 2000 index
By Marisa Wong
Morgantown, W.Va., Sept. 25 – Citigroup Global Markets Holdings Inc. plans to price 0% capped gears due Nov. 30, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the index return is greater than zero, the payout at maturity will be par of $10 plus 3 times the index return, subject to a maximum gain of 12.35% to 14.35%. If the index return is negative, investors will be exposed to the index’s decline.
UBS Financial Services Inc. and Citigroup Global Markets Inc. are the agents.
The notes will price Sept. 26.
The Cusip number is 17325K396.
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