Citigroup plans contingent absolute return autocallables on Goldcorp

By Marisa Wong

Madison, Wis., March 25 - Citigroup Inc. plans to price 0% contingent absolute return autocallable optimization securities due April 8, 2015 linked to the common stock of Goldcorp Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par of $10 plus an annualized call premium of 10% to 13% if Goldcorp stock closes at or above the initial share price on any quarterly observation date.

If the notes are not called and the final share price is greater than or equal to the trigger price, 72.5% of the initial share price, the payout at maturity will be par plus the absolute value of the stock return. Otherwise, investors will be fully exposed to the stock decline.

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

The notes will price on March 27 and settle on March 31.

The Cusip number is 17321F128.

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