Citibank to price 5.5-year market-linked CDs on Dynamic Asset Selector

By Marisa Wong

Morgantown, W.Va., Aug. 27 – Citibank, NA plans to price 0% market-linked certificates of deposit due March 4, 2024 linked to the Citi Dynamic Asset Selector 5 Excess Return index, according to a term sheet.

The payout at maturity will be par plus 275% to 290% of the index return, subject to a minimum payout of par. The exact participation rate will be set at pricing.

Citigroup Global Markets Inc. is the agent. Incapital LLC is distributor.

The CDs will price Aug. 28.

The Cusip number is 17294XFH4.

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