By Toni Weeks
San Luis Obispo, Calif., Jan. 28 - Citigroup Inc. priced $265,000 of autocallable equity-linked securities due Jan. 29, 2015 tied to the common stock of LinkedIn Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will carry a coupon of 2.5% per quarter. Interest will be payable quarterly.
The notes will be automatically redeemed at par plus interest if LinkedIn units close at or above the initial price on April 24, July 24 or Oct. 24, 2014.
If the notes are not called and the final price is at least 75% of the initial price, the payout at maturity will be par. Otherwise, the payout will be a number of LinkedIn shares equal to $1,000 divided by the initial price or, at the issuer's option, an equivalent amount in cash.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Inc.
|
| Issue: | Autocallable equity-linked securities
|
| Underlying units: | LinkedIn Corp. (NYSE: LNKD)
|
| Amount: | $265,000
|
| Maturity: | Jan. 29, 2015
|
| Coupon: | 2.5% per quarter
|
| Price: | Par
|
| Payout at maturity: | Par if final price is at least 75% of initial price; otherwise, 4.60003 LinkedIn shares or, at issuer's option, equivalent amount in cash
|
| Call: | At par plus interest if LinkedIn shares close at or above initial price on April 24, July 24 or Oct. 24, 2014
|
| Initial price: | $217.39
|
| Downside threshold: | $163.043, 75% of initial price
|
| Pricing date: | Jan. 24
|
| Settlement date: | Jan. 29
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 2.25%
|
| Cusip: | 1730T0F87
|
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