New Issue: Citigroup prices $18.85 million trigger step performance securities linked to S&P 500

By Angela McDaniels

Tacoma, Wash., April 29 - Citigroup Inc. priced $18.85 million of 0% trigger step performance securities due Oct. 31, 2016 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is zero or positive, the payout at maturity will be par of $10 plus the greater of 24.9% and the index return. Investors will receive par if the index declines by 20% or less and will be fully exposed to the index's decline from its initial level if it declines beyond 20%.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Inc.
Issue:	Trigger step performance securities
Underlying index:	S&P 500
Amount:	$18,848,560
Maturity:	Oct. 31, 2016
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus greater of 24.9% and index return if index return is zero or positive; par if index falls by 20% or less; full exposure to losses if index finishes below trigger level
Initial index level:	1,585.16
Trigger level:	1,268.13, 80% of initial level
Pricing date:	April 25
Settlement date:	April 30
Underwriter:	Citigroup Global Markets Inc.
Fees:	2.75%
Cusip:	173095688

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