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Citigroup plans to price market-linked notes tied to the Dow
By Marisa Wong
Madison, Wis., March 3 - Citigroup Inc. plans to price market-linked notes due Oct. 1, 2019 tied to the Dow Jones industrial average, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 90% to 100% of the index return. The exact upside participation rate will be set at pricing.
If the index return is zero or negative, investors will receive par.
Citigroup Global Markets Inc. is the underwriter.
The notes are expected to price on March 26.
The Cusip number is 1730T0K99.
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