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Citigroup plans trigger performance notes tied to Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., May 5 - Citigroup Inc. plans to price 0% trigger performance securities due May 31, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 150% to 160% of the index return. The exact participation rate will be determined at pricing.
If the index return is zero or negative and the final index level is equal to or greater than the trigger level, 75% of the initial level, the payout will be par.
If the final level is less than the trigger level, investors will be fully exposed to the decline in the index from its initial level.
Citigroup Global Markets Inc. is the underwriter with UBS Financial Services Inc. as agent.
The notes are expected to price May 28 and settle May 30.
The Cusip number is 17322H792.
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