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Citibank to price 5.5-year market-linked CDs linked to S&P MidCap 400
By Marisa Wong
Morgantown, W.Va., Sept. 24 – Citibank, NA plans to price 0% market-linked certificates of deposit due March 28, 2024 linked to the S&P MidCap 400 index, according to a term sheet.
The payout at maturity will be par plus the average index return, subject to a minimum payout of par.
The average index return is the average of the interim index returns for each of the semiannual valuation dates making up the life of the CDs. The interim return is measured from the pricing date to the applicable valuation date.
Citigroup Global Markets Inc. is the agent. Incapital LLC is distributor.
The CDs will price Sept. 25.
The Cusip number is 17294XHG4.
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