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Citigroup to price 0.5% market-linked notes tied to Dow industrials
By Jennifer Chiou
New York, Sept. 27 - Citigroup Funding Inc. plans to price 0.5% market-linked notes due Oct. 27, 2017 linked to the Dow Jones industrial average, according to an FWP with the Securities and Exchange Commission.
Interest will be payable semiannually.
The payout at maturity will be par plus 110% to 120% of the index return, subject to a minimum payout of par. The exact participation rate will be set at pricing.
The final index level will be the average of its closing levels the 24 quarterly evaluation dates.
The notes (Cusip: 1730T0PD5) are expected to price on Oct. 24.
Citigroup Global Markets Inc. is the underwriter.
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