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Citigroup plans to price contingent buffered notes tied to Euro Stoxx
By Tali Rackner
Norfolk, Va., April 28 – Citigroup Global Markets Holdings Inc. plans to price 0% contingent buffered notes due Nov. 1, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus the index return.
If the final index level is less than or equal to the initial index level but greater than or equal to the barrier level, 73.5% of the initial level, the payout will be par.
If the final index level is less than the barrier level, investors will be fully exposed to the index’s decline from its initial level.
The final index level will be the average of the index’s closing levels on the five trading days ending Oct. 27, 2017.
Citigroup Global Markets Inc. is the underwriter. J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA will act as placement agents.
The notes will price on April 29.
The Cusip number is 17324C2X3.
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