New Issue: Citigroup prices $1.68 million 9.05% airbag autocallables linked to ANN

By Jennifer Chiou

New York, July 23 - Citigroup Inc. priced $1,678,000 of 9.05% airbag autocallable yield optimization notes due July 25, 2014 linked to the common stock of ANN, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be called automatically at par if ANN 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 ANN shares equal to $1,000 divided by the conversion price. The conversion price is 85% of the initial share price.

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

Issuer:	Citigroup Inc.
Issue:	Airbag autocallable yield optimization notes
Underlying stock:	ANN, Inc. (Symbol: ANN)
Amount:	$1,678,000
Maturity:	July 25, 2014
Coupon:	9.05%, payable monthly
Price:	Par
Payout at maturity:	If final share price is less than conversion price, number of ANN shares equal to $1,000 divided by conversion price; otherwise, par
Call:	Automatically at par if ANN shares close at or above initial share price on any quarterly observation date
Initial share price:	$33.95
Conversion price:	$28.86, 85% of initial share price
Pricing date:	July 19
Settlement date:	July 24
Agents:	Citigroup Global Markets Inc. and UBS Financial Services Inc.
Fees:	1.5%
Cusip:	173095258

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.