New Issue: Citigroup prices $3.37 million buffer securities on Energy Select Sector SPDR fund

By Toni Weeks

San Luis Obispo, Calif., Dec. 23 – Citigroup Inc. priced $3.37 million of 0% buffer securities due Dec. 22, 2017 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the final fund level is greater than the initial level, the payout at maturity will be par plus the return, capped at 42%.

Investors will receive par if the fund declines by up to 10% and will share in any decline beyond 10%.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Inc.
Issue:	Buffer securities
Underlying fund:	Energy Select Sector SPDR fund
Amount:	$3,365,000
Maturity:	Dec. 22, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If final fund level is greater than initial level, par plus fund return, capped at 42%; par if fund declines by 10% or less; 1% loss for every 1% decline beyond 10%
Initial level:	$80.57
Pricing date:	Dec. 19
Settlement date:	Dec. 24
Underwriter:	Citigroup Global Markets Inc.
Fees:	2.25%
Cusip:	1730T03Q0

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