New Issue: Citigroup prices $500,000 12.5% reverse convertibles tied to Expedia

By Jennifer Chiou

New York, Feb. 11 - Citigroup Inc. priced $500,000 of 12.5% reverse convertible securities due Aug. 12, 2014 linked to Expedia Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Expedia shares fall below the downside threshold price of $44.751, 70% of the initial price of $63.93, during the life of the notes and finish below the initial price, in which case the payout will be Expedia shares equal to $1,000 principal amount divided by the initial price.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Inc.
Issue:	Reverse convertible securities
Underlying stock:	Expedia Inc. (Nasdaq: EXPE)
Amount:	$500,000
Maturity:	Aug. 12, 2014
Coupon:	12.5%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Expedia shares fall below the downside threshold price of $44.751, 70% of the initial price, and finish below the initial price, in which case Expedia shares equal to $1,000 principal amount divided by the initial price
Initial price:	$63.93
Downside threshold price:	$44.751, 70% of $63.93
Strike date:	Feb. 5
Pricing date:	Feb. 7
Settlement date:	Feb. 12
Agent:	Citigroup Global Markets Inc.
Fees:	1%
Cusip:	1730T0J67

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