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Published on 2/21/2014 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $1.12 million barrier digital notes tied to Euro Stoxx

By Angela McDaniels

Tacoma, Wash., Feb. 21 - Citigroup Inc. priced $1.12 million of 0% enhanced barrier digital securities due March 2, 2015 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the barrier level, the payout will be par plus 7%. The barrier level is 85% of the initial index level.

If the final index level is less than the barrier level, investors will be fully exposed to the decline of the index level from the initial index level.

Citigroup Global Markets Inc. is the underwriter.

Issuer:Citigroup Inc.
Issue:Enhanced barrier digital securities
Underlying index:Euro Stoxx 50
Amount:$1.12 million
Maturity:March 2, 2015
Coupon:0%
Level:Par
Payout at maturity:If final index level is greater than or equal to barrier level, par plus 7%; if final index level is less than barrier level, full exposure to decline of index level from initial index level
Initial index level:3,120.80
Barrier level:2,652.68, 85% of initial index level
Pricing date:Feb. 19
Settlement date:Feb. 24
Underwriter:Citigroup Global Markets Inc.
Fees:1%
Cusip:1730T0K57

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