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Citigroup to price barrier securities due 2023 tied to Russell, Dow
By Sarah Lizee
Olympia, Wash., Oct. 26 – Citigroup Global Markets Holdings Inc. plans to price 0% barrier securities due Nov. 2, 2023 linked to the worse performing of the Russell 2000 index and the Dow Jones Industrial Average, 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 plus at least 187% of any gain of the worse performing asset. The exact leverage will be set at pricing.
If the worse performing asset falls by up to 40%, the payout will be par. Otherwise, investors will be fully exposed to the decline of the lesser performing asset.
Citigroup Global Markets Inc. is the underwriter.
The notes will price on Oct. 30 and settle on Nov. 2.
The Cusip number is 17326YXV3.
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