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Citibank to price 5.5-year market-linked CDs on Dynamic Asset Selector
By Marisa Wong
Morgantown, W.Va., April 24 – Citibank, NA plans to price 0% market-linked certificates of deposit due Oct. 30, 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 3 to 3.15 times 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. Advisors Asset Management is distributor.
The CDs will price on April 25.
The Cusip number is 17294XQY5.
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