Citigroup plans Accelerated Return Notes tied to iShares MSCI Chile

By Jennifer Chiou

New York, March 18 - Citigroup Inc. plans to price 0% Accelerated Return Notes due Sept. 22, 2016 linked to the iShares MSCI Chile Capped exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 115% of any index gain, capped at a maximum return of at least 45.5%.

Investors will receive par if the index falls by up to 15% and will share fully in losses from the initial index level if the index declines beyond the 15% buffer.

The notes (Cusip: 1730T0M30) are expected to price on March 19.

Citigroup Global Markets Inc. is the underwriter.

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