Citigroup plans 8%-9% single observation ELKS linked to Facebook

By Susanna Moon

Chicago, March 7 – Citigroup Inc. plans to price 8% to 9% single observation Equity Linked Securities due April 3, 2017 linked to the class A common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly, with the exact interest rate to be set at pricing.

The payout at maturity will be par unless the stock finishes below the 80% trigger level, in which case the payout will be a number of Facebook shares equal to $1,000 divided by the initial share price or, at the issuer's option, the cash equivalent.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on March 29.

The Cusip number is 17298CC48.

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