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Citigroup to price buffered digital notes linked to Russell 2000
By Marisa Wong
Morgantown, W.Va., Dec. 31 – Citigroup Inc. plans to price 0% buffered digital Russell 2000 index-linked notes with a term of 22 to 25 months, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is at least negative 15%, the payout will be the maximum settlement amount of $1,119 to $1,140 for each $1,000 principal amount.
If the index return is less than negative 15%, investors will lose 1.1765% for each 1% decline beyond 15%.
Citigroup Global Markets Inc. is the underwriter.
The notes are expected to price Jan. 4.
The Cusip number is 17298C5K0.
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