New Issue: Citigroup prices $1.3 million of trigger return notes linked to S&P 500

By Susanna Moon

Chicago, Dec. 31 – Citigroup Inc. priced $1.3 million of 0% trigger return optimization securities due Dec. 31, 2018 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any index gain, up to a maximum return of 40%.

Investors will receive par if the index falls by up to 20% and will be fully exposed to any losses if the index finishes below the 80% trigger level.

Citigroup Global Markets Inc. and Barclays are the agents.

Issuer:	Citigroup Inc.
Issue:	Trigger Return optimization securities
Underlying index:	S&P 500
Amount:	$1,304,000
Maturity:	Dec. 31, 2018
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any index gain, capped at 40%; par if the index falls by up to 20%; full exposure to any losses if the index finishes below trigger level
Initial level:	2,056.50
Trigger level:	1,645.20, 80% of initial level
Pricing date:	Dec. 28
Settlement date:	Dec. 31
Agents:	UBS Financial Services Inc. and Citigroup Global Markets Inc.
Fees:	0.5%
Cusip:	17323P264

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