New Issue: Citigroup prices $704,000 7% single observation ELKS linked to Apple

By Marisa Wong

Morgantown, W.Va., Sept. 30 – Citigroup Inc. priced $704,000 of 7% single observation Equity Linked Securities due Sept. 28, 2016 linked to Apple Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The payout at maturity will be par unless the stock finishes below the 80% downside threshold level, in which case investors will receive a number of Apple shares equal to $1,000 divided by the initial share price or, at the issuer’s option, the cash equivalent.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Inc.
Issue:	Single observation Equity LinKed Securities
Underlying stock:	Apple Inc. (Nasdaq: AAPL)
Amount:	$704,000
Maturity:	Sept. 28, 2016
Coupon:	7%, payable monthly
Price:	Par
Payout at maturity:	If stock falls below trigger level, 8.74738 Apple shares; otherwise, par
Initial price:	$114.32
Downside threshold:	$91.456, 80% of initial price
Pricing date:	Sept. 23
Settlement date:	Sept. 28
Underwriter:	Citigroup Global Markets Inc.
Fees:	1.25%
Cusip:	17298C2L1

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