By Angela McDaniels
Tacoma, Wash., March 4 - Citigroup Inc. priced $1.96 million of 0% trigger Performance Leveraged Upside Securities due Aug. 19, 2015 linked to the Topix index, 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 of $10 plus 150% of the index return, subject to a maximum return of 27%.
If the final index level is less than the initial index level but greater than or equal to the trigger level, the payout will be par. The trigger level is 85% of the initial index level.
If the final index level is less than the trigger level, investors will be fully exposed to the index's decline from the initial level.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Inc.
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying index: | Topix
|
| Amount: | $1,955,500
|
| Maturity: | Aug. 19, 2015
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If final index level is greater than or equal to initial index level, par plus 150% of index return, subject to maximum return of 27%; if final index level is less than initial index level but greater than or equal to trigger level, par; if final index level is less than trigger level, full exposure to index's decline from initial level
|
| Initial index level: | 975.66
|
| Trigger level: | 829.311, 85% of initial level
|
| Pricing date: | Feb. 28
|
| Settlement date: | March 5
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2.25%
|
| Cusip: | 173095506
|
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