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Citigroup plans notes due 2018 with leverage, cap tied to S&P 500
By Susanna Moon
Chicago, Jan. 30 – Citigroup Global Markets Holdings Inc. plans to price 0% barrier securities due in 18 and 21 months linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
The payout at maturity will be par plus 300% of any index gain, up to a maximum settlement amount of $1,164.70 to $1,193.80 for each $1,000 principal amount.
Investors will be exposed to any losses.
Citigroup Global Markets Inc. is the underwriter.
The Cusip number is 17324CEF9.
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