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Citigroup plans five-year barrier securities linked to S&P 500
By Marisa Wong
Morgantown, W.Va., Aug. 26 – Citigroup Global Markets Holdings Inc. plans to price 0% barrier securities due Sept. 10, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the index finishes at or above the initial level, the payout at maturity will be par plus 150% of the gain.
If the index falls but finishes at or above the 70% barrier level, the payout will be par.
Otherwise, the payout will be par plus the index return, with full exposure to losses.
Citigroup Global Markets Inc. is the underwriter.
The notes will price on Sept. 7.
The Cusip number is 17324CAG1.
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