New Issue: Citigroup prices $2.12 million notes with averaging linked to Dow

By Angela McDaniels

Tacoma, Wash., Oct. 1 – Citigroup Inc. priced $2.12 million of 0% market-linked notes due April 2, 2020 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The average index return will be the average of the index’s returns on the 29th day of each March, June, September and December during the term of the notes. Each return will be measured in comparison to the index’s closing level on the pricing date.

If the average index return is greater than zero, the payout at maturity will be par plus the average index return. If the average index return is less than or equal to zero, the payout will be par.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Inc.
Issue:	Market-linked notes
Underlying index:	Dow Jones industrial average
Amount:	$2,119,000
Maturity:	April 2, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If average index return is greater than zero, par plus average index return; if average index return is less than or equal to zero, par
Average index return:	Average of index’s returns on 29th day of each March, June, September and December during term of notes
Initial index level:	17,071.22
Pricing date:	Sept. 29
Settlement date:	Oct. 2
Underwriter:	Citigroup Global Markets Inc.
Fees:	3%
Cusip:	1730T0Y37

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