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Citigroup plans to price buffered PLUS linked to Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., Sept. 15 – Citigroup Inc. plans to price 0% buffered Performance Leveraged Upside Securities due Oct. 4, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the index, up to a maximum return of at least 40.5%. The exact cap will be set at pricing.
Investors will receive par if the index declines by up to 10% and will be exposed to any losses beyond the 10% buffer.
Citigroup Global Markets Inc. is the agent.
The notes will price on Sept. 30.
The Cusip number is 17323Q650.
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