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Citigroup to price buffered upturn securities linked to Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., Jan. 29 - Citigroup Funding Inc. plans to price 0% buffered upturn securities due Feb. 6, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial level, the payout at maturity will be par plus 115% to 120% of the index return, with the exact participation rate set at pricing.
Investors will receive par for losses up to 30% and will share in losses at a rate of 1.4286% per 1% drop beyond 30%.
The notes (Cusip: 1730TRL5) are expected to price Feb. 1 and settle three days later.
Citigroup Global Markets Inc. is the underwriter.
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