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Citigroup plans trigger return optimization notes on Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., Sept. 2 – Citigroup Inc. plans to price 0% trigger return optimization securities due Sept. 15, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be par of $10 plus double the return, up to a maximum return of 43% to 50% that will be set at pricing.
If the index falls by up to the trigger level, 75% of the initial level, the payout will be par.
Otherwise, investors will be fully exposed to the index decline from the initial level.
Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.
The notes will price Sept. 15 and settle Sept. 18.
The Cusip number is 17322H164.
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