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Citigroup plans par-protected market-linked notes due 2022 on S&P 500
By Susanna Moon
Chicago, Feb. 5 – Citigroup Inc. plans to price 0% market-linked notes due Feb. 28, 2022 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable annually.
The payout at maturity will be par plus any index gain, up to a maximum return of 40% to 45%. The exact cap will be set at pricing.
If the index falls, the payout will be par.
Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.
The notes will price on Feb. 23.
The Cusip number is 1730T04L0.
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