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Published on 2/29/2016 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $2.6 million trigger return optimization securities linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., Feb. 29 – Citigroup Inc. priced $2.6 million of 0% trigger return optimization securities due Feb. 28, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus two times the index return, subject to a maximum return of 57%. If the index return is zero or negative and the final index level is greater than or equal to the trigger level, 80% of the initial index level, the payout will be par. If the final index level is less than the trigger level, investors will have full exposure to the index’s decline.

Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.

Issuer:Citigroup Inc.
Issue:Trigger return optimization securities
Underlying index:Euro Stoxx 50
Amount:$2,600,510
Maturity:Feb. 28, 2019
Coupon:0%
Price:Par of $10
Payout at maturity:If index return is positive, par plus two times index return, subject to maximum return of 57%; if index return is zero or negative and final index level is greater than or equal to trigger level, par; if final index level is less than trigger level, full exposure to index’s decline
Initial index level:2,877.42
Trigger level:2,301.94, 80% of initial level
Pricing date:Feb. 25
Settlement date:Feb. 29
Agents:Citigroup Global Markets Inc. and UBS Financial Services Inc.
Fees:2.5%
Cusip:17323P728

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