Citigroup to price market-linked notes with cap, buffer on MSCI EAFE

By Devika Patel

Knoxville, Tenn., Dec. 4 – Citigroup Inc. plans to price 0% market-linked notes with leveraged upside participation to a cap and fixed percentage buffered downside due July 2018 linked to the MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 175% of any fund gain, up to a maximum return of 25% to 30%. The exact cap will be set at pricing.

If the fund falls by up to 10%, the payout will be par. Investors will be exposed to any decrease beyond 10%.

Citigroup Global Markets Inc. and Wells Fargo Securities are the agents.

The notes (Cusip: 17298C4U9) are expected to price on Dec. 30 and settle three business days after pricing.

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