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Citigroup plans barrier securities linked to AT&T, Cisco
By Emma Trincal
New York, April 22 – Citigroup Global Markets Holdings Inc. plans to price 0% barrier securities due Oct. 20, 2022 linked to the worst performing of the common stocks of AT&T Inc. and Cisco Systems, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The payout at maturity will be par plus 400% of the worst performing stock if both underliers finish above their initial level, subject to a 51% cap.
If the worst performing stock declines, but not more than 15%, the payout at maturity will be par.
Otherwise, investors will be fully exposed to the decline of the worst performing stock from its initial price.
Citigroup Global Markets Inc. is the underwriter.
The notes settled on April 22.
The Cusip number is 17328VV23.
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