Citigroup plans capped gears tied to iShares MSCI Emerging Markets

By Marisa Wong

Morgantown, W.Va., April 24 – Citigroup Global Markets Holdings Inc. plans to price 0% capped gears due June 29, 2018 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the fund finishes above its initial level, the payout at maturity will be par plus 3 times the gain, up to a maximum return of 16.5% to 19.5%. The exact cap will be set at pricing.

If the fund return is negative, investors will lose 1% for each 1% decline.

Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.

The notes will price on April 25.

The Cusip number is 17325E549.

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