New Issue: Citigroup prices $3.74 million buffer securities linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, March 31 – Citigroup Inc. priced $3.74 million of 0% buffer securities due May 18, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the initial level, the payout at maturity will be par plus double the index return, subject to a maximum return of 10.5%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% decline beyond 10%.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Inc.
Issue:	Buffer securities
Underlying index:	S&P 500
Amount:	$3,743,000
Maturity:	May 18, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to initial level, par plus 200% of index return, capped at 10.5%; par if index declines by 10% or less; 1% loss for every 1% drop beyond 10%
Initial index level:	2,055.01,
Pricing date:	March 29
Settlement date:	April 5
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.1%
Cusip:	17298CE95

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