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Published on 5/9/2013 in the Prospect News Structured Products Daily.

Citigroup plans barrier dual range accrual notes on Libor, Russell

By Jennifer Chiou

New York, May 9 - Citigroup Inc. plans to price callable barrier dual range accrual securities due May 30, 2023 linked to Libor and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be 8.15% for each day that Libor is 6% or less and the index closes at or above the accrual barrier level, which will be 80% of the initial index level. Interest will be payable quarterly.

The payout at maturity will be par unless the index finishes at or below the 50% barrier level, in which case investors will share fully in losses.

The notes will be callable at par on any interest payment date after two years.

The notes (Cusip: 1730T0TF6) are expected to price on May 24.

Citigroup Global Markets Inc. is the agent.


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