New Issue: Citigroup prices $2.33 million dual directional barrier securities tied to Euro Stoxx

By Toni Weeks

San Luis Obispo, Calif., May 5 – Citigroup Inc. priced $2.33 million of 0% dual directional barrier securities due Nov. 9, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the barrier level, 82.6% of the initial level, the payout at maturity will be par plus the absolute value of the index return, subject to a maximum return of 17.4%.

If the index finishes below the barrier level, the payout will be par plus the index return, with full exposure to losses.

The final index level will be the average of the closing index levels on the five trading days ending Nov. 4, 2016.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Inc.
Issue:	Dual directional barrier securities
Underlying index:	Euro Stoxx 50
Amount:	$2,325,000
Maturity:	Nov. 9, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above barrier level, par plus absolute value of index return, capped at 17.4%; otherwise, par plus index return, with full exposure to losses
Initial index level:	3,615.59
Barrier level:	2,986.477, 82.6% of initial level
Pricing date:	April 30
Settlement date:	May 6
Agent:	Citigroup Global Markets Inc.
Fees:	1.25%
Cusip:	17298CAL2

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