By Jennifer Chiou
New York, March 21 - Citigroup Inc. priced $1,497,000 of 7% airbag autocallable yield optimization notes due March 21, 2014 linked to the common stock of Fresh Market, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The notes will be automatically called at par plus accrued interest if Fresh Market stock closes at or above the initial share price on any quarterly observation date: June 13, 2013, Sept. 13, 2013, Dec. 13, 2013 or March 14, 2014.
The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of Fresh Market shares equal to $1,000 divided by the conversion price. The conversion price is 85% of the initial share price.
Citigroup Global Markets Inc. is the agent, and UBS Financial Services Inc. is the dealer.
| Issuer: | Citigroup Inc.
|
| Issue: | Airbag autocallable yield optimization notes
|
| Underlying stock: | Fresh Market, Inc. (Symbol: TFM)
|
| Amount: | $1,497,000
|
| Maturity: | March 21, 2014
|
| Coupon: | 7%, payable monthly
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par unless final share price is less than conversion price, in which a number of Fresh Market shares equal to $1,000 divided by conversion price
|
| Call: | Automatically at par plus accrued interest if Fresh Market stock closes at or above initial share price on any quarterly observation date
|
| Initial price: | $41.55
|
| Conversion price: | $35.32, 85% of initial price
|
| Pricing date: | March 15
|
| Settlement date: | March 20
|
| Agent: | Citigroup Global Markets Inc. with UBS Financial Services Inc. as dealer
|
| Fees: | 1.5%
|
| Cusip: | 173095811
|
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