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Citigroup plans to sell index-linked notes with cap linked to S&P 500
By Wendy Van Sickle
Columbus, Ohio, Jan. 27 – Citigroup Inc. plans to price 0% notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will mature between 23 and 26 months after pricing, with the exact maturity to be set at pricing.
The payout at maturity will be par plus triple any index gain, up to a maximum return of 24.9% to 29.1%. The exact cap will be set at pricing.
Investors will be exposed to any decline in the index.
Citigroup Global Markets Inc. is the agent.
The notes expected to price on Jan. 29 and settle five business days after pricing.
The Cusip number is 17298C6F0.
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