New Issue: Citigroup prices $1.86 million Accelerated Return Notes tied to S&P 500

By Toni Weeks

San Luis Obispo, Calif., Sept. 26 - Citigroup Inc. priced $1.86 million of 0% Accelerated Return Notes due June 29, 2017 linked to the S&P 500 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 plus 121.5% of the index return.

If the index finishes at or above the 75% barrier level, the payout will be par. If the index finishes below the barrier level, investors will have full downside exposure to the decline.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Inc.
Issue:	Accelerated Return Notes
Underlying index:	S&P 500 Index
Amount:	$1.86 million
Maturity:	June 29, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 121.5% of index return; if index finishes at or above 75% barrier level, par; 1% loss for every 1% decline from initial level if index finishes below barrier level
Initial index level:	1,692.77
Barrier level:	1,269.578, 75% of initial level
Pricing date:	Sept. 25
Settlement date:	Sept. 30
Underwriter:	Citigroup Global Markets Inc.
Fees:	2.75%
Cusip:	1730T0VA4

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