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Citigroup plans three-year capped trigger gears tied to Russell 2000
By Susanna Moon
Chicago, Dec. 13 – Citigroup Global Markets Holdings Inc. plans to price 0% capped trigger gears due Dec. 31, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The payout at maturity will be par of $10 plus double any index gain, up to a maximum return of 33.75% to 37.75%.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% trigger level.
UBS Financial Services Inc. and Citigroup Global Markets Holdings Inc. are the underwriters.
The notes will price on Dec. 27 and settle on Dec. 30.
The Cusip number is 17325E168.
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