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Citigroup aims to price market-linked notes tied to two indexes, fund
By Devika Patel
Knoxville, Tenn., July 9 – Citigroup Global Markets Holdings Inc. plans to price 0% market-linked notes due July 29, 2021 linked to an equally weighted basket of two indexes and one exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
The underlying components are the S&P 500 index, the Euro Stoxx 50 index and the iShares MSCI Emerging Markets exchange-traded fund, each with a 33.33% weight each.
The payout at maturity will be par plus 100% to 110% of any basket gain, plus the coupon.
If the basket falls, the payout will be par plus the coupon.
Citigroup Global Markets Inc. is the agent.
The notes (Cusip: 17324CWX0) are expected to price on July 26 and settle three business days after pricing.
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