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Citigroup plans to price trigger PLUS linked to S&P MidCap 400 index
By Angela McDaniels
Tacoma, Wash., March 19 – Citigroup Inc. plans to price 0% trigger Performance Leveraged Upside Securities due March 29, 2017 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 200% of the index return, subject to a maximum return of 19%. Investors will receive par if the index declines by 10% or less and will be fully exposed to the index’s decline from its initial level if it falls by more than 10%.
Citigroup Global Markets Inc. is the underwriter. Morgan Stanley Wealth Management is a dealer.
The notes are expected to price March 24.
The Cusip number is 17323B596.
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