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Citigroup to price buffered digital plus securities on Euro Stoxx 50
By Devika Patel
Knoxville, Tenn., July 3 – Citigroup Global Markets Holdings Inc. plans to price 0% buffered digital plus securities due July 31, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the final index level is greater than or equal the initial level, the payout at maturity will be par plus the greater of the index return and the digital return amount of 55%.
Investors will receive par if the index declines by up to 25% and will be exposed to any losses beyond the 25% buffer level.
Citigroup Global Markets Inc. is the underwriter.
The notes (Cusip: 17324CXD3) will price on July 26 and settle July 31.
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