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Citi plans callable contingent coupon notes linked to three indexes
By Sarah Lizee
Olympia, Wash., June 6 – Citigroup Global Markets Holdings Inc. plans to price callable contingent coupon notes due June 18, 2029 linked to the least performing of the Euro Stoxx 50 index, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes pay a contingent quarterly coupon at an annualized rate of 8.55% if each underlying index closes at or above its coupon barrier level, 75% of its initial price, on the observation date for that period.
The notes will be callable quarterly in whole at par after one year.
If each asset finishes at or above its barrier level, 60% of its initial level, the payout at maturity will be par. Otherwise, investors will be fully exposed to the decline of the least-performing asset.
Citigroup Global Markets Inc. is the agent.
The notes will price on June 13.
The Cusip number is 17326YH33.
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