Citigroup to price 5%-7% airbag autocallables linked to Ameriprise

By Marisa Wong

Madison, Wis., July 16 - Citigroup Inc. plans to price 5% to 7% airbag autocallable yield optimization notes due July 25, 2014 linked to the common stock of Ameriprise Financial, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The notes will be automatically called if Ameriprise shares close at or above the initial share price on any quarterly observation date.

The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of Ameriprise shares equal to $1,000 divided by the conversion price. The conversion price will be 85% of the initial share price.

Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.

The notes are expected to price July 19 and settle July 24.

The Cusip number is 173095274.

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