By Susanna Moon
Chicago, March 4 – Citigroup Inc. priced $1.1 million of 0% capped return enhanced notes due March 17, 2016 linked to the General Motors Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any gain in the stock, up to a maximum return of 33.55%.
Investors will be exposed to any losses.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Inc.
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| Issue: | Capped return enhanced notes
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| Underlying stock: | General Motors Co. (NYSE: GM)
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| Amount: | $1.1 million
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| Maturity: | March 17, 2016
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 300% of any gain in the stock, capped at 33.55%; exposure to losses
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| Initial level: | $37.31
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| Pricing date: | Feb. 27
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| Settlement date: | March 4
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 1730T05V7
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