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Published on 12/19/2013 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $3.01 million barrier securities linked to the Dow

By Jennifer Chiou

New York, Dec. 19 - Citigroup Inc. priced $3,008,000 of 0% barrier securities due June 22, 2017 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus 103% of the index return.

If the final index level is less than the initial index level but greater than or equal to the 80% barrier level, the payout will be par.

If the final index level is less than the barrier level, investors will lose 1% for every 1% that the final index level is less than the initial index level.

Citigroup Global Markets Inc. is the underwriter.

Issuer:Citigroup Inc.
Issue:Barrier securities
Underlying index:Dow Jones industrial average
Amount:$3,008,000
Maturity:June 22, 2017
Coupon:0%
Price:Par
Payout at maturity:If final index level is greater than or equal to initial index level, par plus 103% of index return; if final index level is less than initial index level but greater than or equal to barrier level, par; if final index level is less than barrier level, 1% loss for every 1% that final index level is less than initial index level
Initial index level:15,875.26
Barrier level:12,700.208, 80% of initial level
Pricing date:Dec. 17
Settlement date:Dec. 20
Underwriter:Citigroup Global Markets Inc.
Fees:2.5%
Cusip:1730T0D48

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