Citigroup to price 6.6%-8.6% airbag autocallables linked to U.S. Steel

By Toni Weeks

San Diego, Jan. 17 - Citigroup Inc. plans to price 6.6% to 8.6% airbag autocallable yield optimization notes due Jan. 27, 2014 linked to the common stock of United States Steel Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The notes will be automatically called at par plus accrued interest if U.S. Steel stock closes at or above the initial share price on any quarterly observation date.

The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of U.S. Steel shares equal to $1,000 divided by the conversion price. The conversion price will be 75% of the initial share price.

The notes will price Jan. 18 and settle Jan. 24.

Citigroup Global Markets Inc. and UBS Financial Services Inc. will be the agents.

The Cusip number is 1730T0RG6.

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