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Citigroup plans PLUS with 5x leverage linked to S&P GSCI Crude Oil
By Angela McDaniels
Tacoma, Wash., Jan. 20 – Citigroup Inc. plans to price 0% Performance Leveraged Upside Securities due Feb. 22, 2016 linked to the S&P GSCI Crude Oil index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 500% of the index return, subject to a maximum return that is expected to be at least 29% and will be set at pricing. If the final index level is less than the initial index level, investors will have one-to-one exposure to the decline.
Citigroup Global Markets Inc. is the underwriter. Morgan Stanley Wealth Management is a dealer.
The notes are expected to price Jan. 23.
The Cusip number is 1730T04D8.
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