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Citigroup plans four-year enhanced buffered digital notes tied to Dow
By Tali Rackner
Minneapolis, Aug. 30 – Citigroup Global Markets Holdings Inc. plans to price 0% enhanced buffered digital securities due Sept. 30, 2021 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If the index finishes at or above its 85% threshold level, the payout at maturity will be par plus the fixed return of 17% to 20%. The exact fixed return will be set at pricing.
Otherwise, investors will lose 1% for each 1% decline beyond 15%.
Citigroup Global Markets Inc. is the underwriter.
The notes will price on Sept. 26.
The Cusip number is 17324CM52.
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