By Susanna Moon
Chicago, April 22 - Citigroup Inc. priced $1.42 million of 8.09% airbag autocallable yield optimization notes due April 24, 2015 linked to H&E Equipment Services, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called at par if H&E Equipment shares close at or above the initial share price on any quarterly observation date.
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 H&E Equipment shares equal to $1,000 divided by the conversion price. The conversion price is 85% of the initial share price.
Citigroup Global Markets Inc. and UBS Financial Services Inc. are the underwriters.
| Issuer: | Citigroup Inc.
|
| Issue: | Airbag autocallable yield optimization notes
|
| Underlying stock: | H&E Equipment Services, Inc. (Symbol: HEES)
|
| Amount: | $1.42 million
|
| Maturity: | April 24, 2015
|
| Coupon: | 8.09%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | If final share price is less than conversion price, number of H&E Equipment shares equal to $1,000 divided by conversion price; otherwise, par
|
| Call: | At par if H&E Equipment shares close at or above initial share price on any quarterly call date
|
| Initial share price: | $38.67
|
| Conversion price: | $32.87, 85% of initial share price
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| Pricing date: | April 21
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| Settlement date: | April 24
|
| Underwriters: | Citigroup Global Markets Inc. and UBS Financial Services Inc.
|
| Fees: | 1.5%
|
| Cusip: | 17322H867
|
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