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Citigroup plans to price market-linked notes tied to fund, two indexes
By Tali Rackner
Norfolk, Va., Dec. 30 – Citigroup Global Markets Holdings Inc. plans to price 0% market-linked notes due Jan. 27, 2022 linked to a basket of the S&P 500 index with a 25% weight, the Euro Stoxx 50 index with a 25% weight and the iShares Core U.S. Aggregate Bond exchange-traded fund with a 50% weight, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
The payout at maturity will be par plus 100% to 110% of any basket gain, with the exact participation rate to be set at pricing.
If the basket falls, the payout will be par.
Citigroup Global Markets Inc. is the underwriter.
The notes will price on Jan. 24.
The Cusip number is 17324CDQ6.
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