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Published on 3/27/2013 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $6.33 million buffered return optimization notes linked to Russell 2000

By Angela McDaniels

Tacoma, Wash., March 27 - Citigroup Inc. priced $6.33 million of 0% buffered return optimization securities due March 31, 2015 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 200% of any index gain, subject to a maximum return of 17.4%. Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% that it declines beyond 10%.

Citigroup Global Markets Inc. is the underwriter, and UBS Financial Services Inc. is agent.

Issuer:Citigroup Inc.
Issue:Buffered return optimization securities
Underlying index:Russell 2000
Amount:$6,328,060
Maturity:March 31, 2015
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 200% of any index gain, subject to 17.4% maximum return; par if index falls by 10% or less; 1% loss for every 1% that index declines beyond 10%
Initial index level:945.85
Pricing date:March 25
Settlement date:March 28
Underwriter:Citigroup Global Markets Inc.
Agent:UBS Financial Services Inc.
Fees:3.5%
Cusip:173095837

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