Citigroup plans to price buffered notes linked to iShares MSCI EM ETF

By Devika Patel

Knoxville, Tenn., March 30 – Citigroup Inc. plans to price 0% 24- to 27-month buffered notes 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 par plus 160% of any fund gain, up to a maximum settlement amount of $1,313.60 to $1,368 for each $1,000 of notes.

Investors will receive par if the fund falls by up to 15% and will lose 1.1765% for every 1% decline beyond 15%.

The exact deal terms, including maturity and cap, will be set at pricing.

Citigroup Global Markets Inc. is the agent.

The notes (Cusip: 17298CE61) are expected to price on April 1 and settle five business days after pricing.

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