By Susanna Moon
Chicago, Dec. 28 – Citigroup Inc. priced $1 million of 0% buffered notes due Feb. 27, 2018 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be 200% of any fund gain, up to a maximum settlement amount of $1,343 for each $1,000 principal amount.
Investors will receive par if the fund falls by up to 15% and will lose 1.1765% for each 1% decline beyond 15%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Inc.
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| Issue: | Buffered notes
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| Underlying fund: | iShares MSCI Emerging Markets ETF
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| Amount: | $1 million
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| Maturity: | Feb. 27, 2018
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 200% of any fund gain, capped at 34.3%; if fund falls by up to 15%, par; otherwise, 1.1765% for each 1% decline beyond 15%
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| Initial level: | $32.65
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| Pricing date: | Dec. 22
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| Settlement date: | Dec. 30
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | None
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| Cusip: | 17298C5F1
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