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Citigroup plans to price 14-month capped gears linked to S&P 500
By Marisa Wong
Morgantown, W.Va., Feb. 22 – Citigroup Global Markets Holdings Inc. plans to price 0% capped gears due April 30, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the index finishes above its initial level, the payout at maturity will be par plus 3 times the gain, up to a maximum return of 11.75% to 13.75%. The exact cap will be set at pricing.
If the index return is negative, investors will lose 1% for each 1% decline.
Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.
The notes will price on Feb. 23.
The Cusip number is 17325E358.
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