Citibank plans seven-year market-linked CDs on Dynamic Asset Selector

By Marisa Wong

Morgantown, W.Va., March 25 – Citibank, NA plans to price 0% market-linked certificates of deposit due March 31, 2026 linked to the Citi Dynamic Asset Selector 5 Excess Return index, according to a term sheet.

The payout at maturity will be par plus 415% to 430% 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. Advisors Asset Management is distributor.

The CDs will price on March 26.

The Cusip number is 17294XPB6.

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