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Citigroup to price buffer securities due 2022 linked to S&P 500
By Sarah Lizee
Olympia, Wash., Aug. 23 – Citigroup Global Markets Holdings Inc. plans to price 0% buffer securities due March 3, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus 200% of the index return, capped at par plus 17.5% to 19.5%. Investors will receive par if the index declines by up to 10% and will lose 1% for every 1% that it might decline beyond 10%.
The notes will be guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
The notes will price Aug. 27.
The Cusip number is 17327TYH3.
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