By Marisa Wong
Madison, Wis., Dec. 2 – Citigroup Inc. priced $550,500 of 0% trigger performance securities due Nov. 30, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 125% of the index return.
If the index return is zero or negative and the final level is greater than or equal to the trigger level, 75% of the initial level, the payout will be par.
If the final level is less than the trigger level, investors will be fully exposed to the decline in the index from its initial level.
Citigroup Global Markets Inc. is the underwriter. UBS Financial Services Inc. is the agent.
| Issuer: | Citigroup Inc.
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| Issue: | Trigger performance securities
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| Underlying index: | Russell 2000 index
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| Amount: | $550,500
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| Maturity: | Nov. 30, 2018
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| Coupon: | 0%
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| Price: | Par of $10.00
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| Payout at maturity: | If index return is positive, par plus 125% of index return; if index return is zero or negative and index’s final level is equal to or greater than trigger level, par; if final level is less than trigger level, full exposure to decline in index from initial level
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| Initial index level: | 1,186.940
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| Trigger level: | 890.205, 75% of initial level
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| Pricing date: | Nov. 24
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| Settlement date: | Nov. 28
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| Agents: | Citigroup Global Markets Inc. with UBS Financial Services Inc. as agent
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| Fees: | None
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| Cusip: | 17322X755
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