Citigroup plans buffered return enhanced notes tied to iShares EM

By Marisa Wong

Madison, Wis., Dec. 10 - Citigroup Inc. plans to price 0% capped buffered return enhanced notes due Dec. 18, 2015 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par plus double the ETF return, subject to a maximum return of 20% to 23% that will be set at pricing. Investors will receive par if the ETF declines by 5% or less and will lose 1% for every 1% that it declines beyond 5%.

Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.

The notes are expected to price Dec. 13 and settle Dec. 18.

The Cusip number is 17321F417.

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