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Citigroup plans enhanced buffered digital securities linked to Dow
By Wendy Van Sickle
Columbus, Ohio, Aug. 4 – Citigroup Global Markets Holdings Inc. plans to price 0% enhanced buffered digital securities due Aug. 26, 2020 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If the index finishes at or above its initial level or falls by up to 15%, the payout at maturity will be par plus the fixed return, which is expected to be 20% to 23% and will be set at pricing. Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.
Citigroup Global Markets Inc. is the underwriter.
The notes will price Aug. 26.
The Cusip number is 17324C7F7.
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