By Jennifer Chiou
New York, June 5 - Citigroup Inc. priced $501,000 of 0% autocallable securities due Dec. 5, 2013 linked to the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the shares close at or above the initial price on a monthly observation date, the notes will be called at par plus an annualized premium of 14% per year.
If the shares finish at or above the initial level, the payout at maturity will be par plus the premium.
If the shares finish below the initial level but at or above 85% of the initial price, investors will receive par. Otherwise, investors will be fully exposed to any losses.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Inc.
|
| Issue: | Autocallable securities
|
| Underlying ETF: | Market Vectors Gold Miners
|
| Amount: | $501,000
|
| Maturity: | Dec. 5, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If fund gains, par plus 14% annualized premium; par for losses up to 15%; exposure to any losses if fund falls below buffer
|
| Call: | Automatically at par plus 14% annualized premium if ETF shares close at or above initial price on a monthly observation date
|
| Initial price: | $29.51
|
| Trigger price: | $25.084, 85% of the initial price
|
| Pricing date: | May 31
|
| Settlement date: | June 5
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 0.75%
|
| Cusip: | 1730T0TG4
|
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