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Citigroup plans contingent buffered notes linked to Euro Stoxx 50
By Jennifer Chiou
New York, Feb. 24 – Citigroup Inc. plans to price 0% contingent buffered notes due Aug. 31, 2016 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 plus the index gain.
If the index return is zero or negative but the final index level is at least 79.45% of the initial level, the payout will be par. Otherwise, investors will be fully exposed to the index decline from its initial level.
The notes (Cusip: 1730T05J4) will price on Feb. 27.
Citigroup Global Markets Inc. is the underwriter with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.
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