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Citibank plans seven-year market-linked CDs on Dynamic Asset Selector
By Marisa Wong
Morgantown, W.Va., Sept. 24 – Citibank, NA plans to price 0% market-linked certificates of deposit due Sept. 30, 2025 linked to the Citi Dynamic Asset Selector 5 Excess Return index, according to a term sheet.
The payout at maturity will be par plus 350% to 365% of the index return, subject to a minimum payout of par. The exact participation rate will be set at pricing.
Citigroup Global Markets Inc. is the agent. Incapital LLC is distributor.
The CDs will price Sept. 25.
The Cusip number is 17294XGU4.
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