Citigroup to sell buffer securities due 2023 tied to MSCI EM ETF

By Devika Patel

Knoxville, Tenn., Jan. 2 – Citigroup Global Markets Holdings Inc. intends to price 0% buffer securities due Jan. 23, 2023 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

If the fund return is positive, the payout at maturity will be par plus 125% of the gain, subject to a maximum payout of 60%. Investors will receive par if the fund falls by up to the buffer amount of 20% and will lose 1% for every 1% that the fund declines beyond the buffer.

Citigroup Global Markets Inc. is the underwriter.

The notes (Cusip: 17326YFH4) will price Jan. 18 and settle Jan. 25.

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