By Jennifer Chiou
New York, July 7 – Citigroup Inc. priced $5 million of 0% market-linked notes due Sept. 30, 2016 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The average index return will be the average of the index returns on each quarterly valuation date during the life of the notes.
If the average index return is positive, the payout at maturity will be par plus 31% times the gain.
If the index falls, the payout will be par.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Inc.
|
| Issue: | Market-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $5 million
|
| Maturity: | Sept. 30, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 31% times average index return, if positive; floor of par
|
| Initial index level: | 1,974.62
|
| Pricing date: | July 2
|
| Settlement date: | July 9
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.25%
|
| Cusip: | 1730T0U64
|
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