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Citigroup plans to price PLUS due October 2019 linked to Russell 2000
By Sarah Lizee
Olympia, Wash., June 18 – Citigroup Global Markets Holdings Inc. plans to price 0% Performance Leveraged Upside Securities due Oct. 3, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup, Inc.
If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return that is expected to be at least 13.55% and will be set at pricing.
If the final index level is less than the initial index level, investors will be fully exposed to the decline.
Citigroup Global Markets Inc. is the underwriter. Morgan Stanley Wealth Management is acting as a dealer.
The notes will price June 29 and settle three business days after the pricing date.
The Cusip number is 17326K684.
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