By Tali Rackner
Norfolk, Va., Jan. 6 – Citigroup Inc. priced $1.03 million of 0% market-linked notes with leveraged upside participation to a cap and fixed percentage buffered downside due July 5, 2018 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 175% of any index gain, up to a maximum return of 27%.
If the index falls by up to 10%, the payout will be par.
If the index loses more than 10%, the payout will be par less any decrease beyond 10%.
Citigroup Global Markets Inc. and Wells Fargo Securities LLC are the agents.
| Issuer: | Citigroup Inc.
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| Issue: | Market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside
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| Underlying fund: | iShares MSCI EAFE exchange-traded fund
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| Amount: | $1,031,000
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| Maturity: | July 5, 2018
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | If the index return is positive, par plus 175% of the index return, capped at 27%; par if the index declines by 10% or less; 1% loss for every 1% drop beyond 10%
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| Initial price: | $59.52
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| Buffer price: | $53.568, 90% of initial level
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| Pricing date: | Dec. 30
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| Settlement date: | Jan. 5
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| Agents: | Citigroup Global Markets Inc. and Wells Fargo Securities LLC
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| Fees: | 2.51%
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| Cusip: | 17298C4U9
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