Citigroup plans digital securities linked to iShares U.S. Real Estate

By Jennifer Chiou

New York, Oct. 3 – Citigroup Inc. plans to price 0% digital securities due Nov. 2, 2016 linked to the iShares Dow Jones U.S. Real Estate exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the final share price is greater than or equal to the initial share price, the payout at maturity will be par plus the fixed return, which is expected to be 20% to 22% and will be set at pricing.

If the final share price is less than the initial share price, investors will share in the decline.

The notes (Cusip: 1730T02F5) will price on Oct. 28 and settle on Oct. 31.

Citigroup Global Markets Inc. is the underwriter.

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