By Jennifer Chiou
New York, March 31 - Citigroup Inc. priced $1.88 million of 0% barrier securities due March 29, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par plus the index return.
Investors will receive par if the index falls by up to 20% and will be fully exposed to losses from the initial level if the index declines by more than 20%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Inc.
|
| Issue: | Barrier securities
|
| Underlying index: | Russell 2000
|
| Amount: | $1.88 million
|
| Maturity: | March 29, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain; par if index falls by up to 20%; full exposure to losses from initial level if index declines by more than 20%
|
| Initial level: | 1,155.49
|
| Barrier level: | 924.392, 80% of initial level
|
| Pricing date: | March 26
|
| Settlement date: | March 31
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 3%
|
| Cusip: | 1730T0M48
|
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