Citigroup plans to price buffer securities on basket of three ETFs

By Sarah Lizee

Olympia, Wash., May 28 – Citigroup Global Markets Holdings Inc. plans to price 0% buffer securities due June 4, 2021 linked to a basket containing the iShares MSCI EAFE ETF with a 53% weight, the iShares MSCI Emerging Markets ETF with a 34% weight and the iShares MSCI EAFE Small-Cap ETF with a 13% weight, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the basket return is positive, the payout at maturity will be par plus 200% of the basket gain, up to a maximum return of 20.8%. Investors will receive par if the basket falls by up to the 15% buffer and will lose 1% for every 1% that the basket declines beyond the buffer.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on May 31.

The Cusip number is 17326YRK4.

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