New Issue: Citi prices $6.46 million Accelerated Return Notes tied to S&P 500

By Jennifer Chiou

New York, Dec. 24 - Citigroup Inc. priced $6,462,000 of 0% Accelerated Return Notes due Sept. 25, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 120% of the index return.

If the index finishes at or above the 75% barrier level, the payout will be par. If the index finishes below the barrier level, investors will have full downside exposure to the decline.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Inc.
Issue:	Accelerated Return Notes
Underlying index:	S&P 500
Amount:	$6,462,000
Maturity:	Sept. 25, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 120% of index return; if final index level is less than initial level but greater than or equal to barrier level, par; 1% loss for every 1% decline from initial level if index finishes below barrier level
Initial index level:	1,818.31
Barrier level:	1,363.733, 75% of initial level
Pricing date:	Dec. 20
Settlement date:	Dec. 26
Underwriter:	Citigroup Global Markets Inc.
Fees:	2.75%
Cusip:	1730T0D71

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