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

By Tali Rackner

Norfolk, Va., Oct. 1 – Citigroup Inc. plans to price 0% digital securities due May 3, 2017 linked to the iShares 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 16% to 19% and will be set at pricing.

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

Citigroup Global Markets Inc. is the underwriter.

The notes are expected to price on Oct. 28.

The Cusip number is 17298C2V9.

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