New Issue: Citigroup prices $12.47 million trigger autocallables tied to Vodafone

By Marisa Wong

Madison, Wis., July 31 – Citigroup Inc. priced $12.47 million of 0% trigger autocallable optimization securities due July 31, 2019 linked to the American Depositary Shares of Vodafone Group plc, according to a 424B2 filing with the Securities and Exchange Commission.

Beginning one year after issuance, the notes will be called at par of $10 plus a call return of 11% per year if the shares close at or above the initial share price on any quarterly observation date.

If the notes are not called and the shares finish at or above the trigger level, 51.5% of the initial price, the payout at maturity will be par. Otherwise, investors will be fully exposed to the decline in the share price.

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

Issuer:	Citigroup Inc.
Issue:	Trigger autocallable optimization securities
Underlying ADSs:	Vodafone Group plc (Symbol: VOD)
Amount:	$12,472,440
Maturity:	July 31, 2019
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	If shares finish at or above trigger level, par; otherwise, investors will be fully exposed to decline in share price
Call:	At par plus 11% per year if shares close at or above initial share price on any quarterly observation date beginning Aug. 3, 2015
Initial share price:	$34.46
Trigger price:	$17.75, 51.5% of initial share price
Pricing date:	July 29
Settlement date:	July 31
Agents:	Citigroup Global Markets Inc. and UBS Financial Services Inc.
Fees:	2.5%
Cusip:	17322H412

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.