New Issue: Citigroup prices $1.17 million contingent return optimization notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Oct. 1 – Citigroup Inc. priced $1.17 million of 0% contingent return optimization securities due Sept. 29, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the trigger level, 85% of the initial index level, the payout at maturity will be par of $10 plus the greater of 6% and the index return, subject to a maximum return of 23.25%.

If the final index level is less than the trigger level, investors will lose 1% for every 1% that the final level is below the initial level.

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

Issuer:	Citigroup Inc.
Issue:	Contingent return optimization securities
Underlying index:	S&P 500
Amount:	$1,171,100
Maturity:	Sept. 29, 2017
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If final index level is greater than or equal to trigger level, par plus greater of 6% and index return, subject to maximum return of 23.25%; if final index level is less than trigger level, 1% loss for every 1% that final level is below initial level
Initial index level:	1,931.34
Trigger level:	1,641.64, 85% of initial level
Pricing date:	Sept. 25
Settlement date:	Sept. 30
Agents:	Citigroup Global Markets Inc. and UBS Financial Services Inc.
Fees:	5%
Cusip:	17323Q668

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