Citibank to price seven-year market-linked CDs tied to S&P 500

By Marisa Wong

Morgantown, W.Va., June 13 – Citibank, NA plans to price 0% market-linked certificates of deposit due July 1, 2025 linked to the S&P 500 index, according to a term sheet.

The payout at maturity will be par plus the index return, subject to a minimum payout of par and a maximum payout of par plus 45% to 50%. The exact cap will be set at pricing.

Citigroup Global Markets Inc. is the agent. Incapital LLC is distributor.

The CDs will price June 26.

The Cusip number is 17294XDV5.

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