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Citigroup plans market-linked notes tied to basket of indexes, ETF
By Wendy Van Sickle
Columbus, Ohio, Aug. 10 – Citigroup Global Markets Holdings Inc. plans to price 0% market-linked notes due March 3, 2022 linked to a basket of three components, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The basket consists of the iShares Core U.S. Aggregate Bond exchange-traded fund with a 33.33% weight, the Dow Jones industrial average with a 33.34% weight and the Euro Stoxx 50 index with a 33.33% weight.
The payout at maturity will be par plus 100% to 110% of any basket gain. The exact upside participation rate will be set at pricing.
If the basket falls, the payout will be par.
Citigroup Global Markets Inc. is the underwriter.
The notes will price on Aug. 30.
The Cusip number is 17324CA55.
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