Citigroup to price 23- to 26-month buffered notes on MSCI EAFE index

By Wendy Van Sickle

Columbus, Ohio, Dec. 15 – Citigroup Inc. plans to price 0% buffered notes linked to the MSCI EAFE index, according to a 424B2 filed with the Securities and Exchange Commission.

The tenor of the notes is expected to be 23 to 26 months.

The payout at maturity will be par plus 160% of any index gain up to a maximum settlement amount expected to be between $1,236.80 and $1,278.40 per $1,000 principal amount. The exact cap will be set at pricing.

The payout will be par if the index declines by up to 15%, and investors will lose about 1.1765% for every 1% loss beyond 15%.

Citigroup Global Markets Inc. is the agent.

The notes will price and settle in December.

The Cusip number is 17298C4T2.

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