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Citigroup to price buffer securities due 2022 linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., April 4 – Citigroup Global Markets Holdings Inc. plans to price 0% buffer securities due April 22, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus 135% of the index return. Investors will receive par if the index declines by up to 25% and will lose 1% for every 1% that it might decline beyond 25%.
Citigroup Global Markets Inc. is the underwriter.
The notes will price April 18.
The Cusip number is 17326YW77.
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