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Citigroup plans capped return enhanced notes linked to Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., July 28 – Citigroup Inc. plans to price 0% capped return enhanced notes due Aug. 17, 2016 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any gain in the index, up to a maximum return of 19.41%.
Investors will be exposed to any losses.
The final index level will be the average of the closing index levels on the five trading days ending Aug. 12, 2016.
Citigroup Global Markets Inc. is the underwriter.
The notes are expected to price July 31.
The Cusip number is 17298CDB1.
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