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Citigroup to price buffer securities due 2019 linked to MSCI EM ETF
By Sarah Lizee
Olympia, Wash., Aug. 31 – Citigroup Global Markets Holdings Inc. plans to price 0% buffer securities due Oct. 9, 2019 linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If the final index level is greater than the initial ETF level, the payout at maturity will be par plus 150% of the return, capped at par plus 15%.
Investors will receive par if the ETF declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
Citigroup Global Markets Inc. is the underwriter.
The notes will price Sept. 4 and settle Sept. 7.
The Cusip number is 17326YZJ8.
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