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Citigroup plans 24- to 27-month leveraged notes linked to S&P 500
By Marisa Wong
Morgantown, W.Va., Jan. 20 – Citigroup Global Markets Holdings Inc. plans to price 0% 24- to 27-month notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the index return is zero or positive, the payout at maturity will be par plus 300% of the index return, subject to a maximum settlement amount of $1,215.70 to $1,253.50 per $1,000 principal amount. If the index return is negative, investors will have full exposure to the decline.
Citigroup Global Markets Inc. is the underwriter.
The Cusip number is 17324CE85.
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