New Issue: Citigroup prices $5 million capped trigger step notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Aug. 16 – Citigroup Global Markets Holdings Inc. priced $5 million of 0% capped trigger step securities due Aug. 16, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is zero or positive, the payout at maturity will be par of $10 plus the greater of 15% and the index return, subject to a maximum gain of 18%.

If the index declines by 20% or less, the payout will be par.

If the index declines beyond 20%, investors will be exposed to the index’s decline from its initial level.

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

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Capped trigger step securities
Underlying index:	S&P 500
Amount:	$5 million
Maturity:	Aug. 16, 2018
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is zero or positive, par plus greater of 15% and index return, subject to 18% maximum gain; if index declines by 20% or less, par; if index declines beyond 20%, exposure to index’s decline from initial level
Initial index level:	2,184.05
Downside threshold:	1,747.24, 80% of initial level
Pricing date:	Aug. 12
Settlement date:	Aug. 17
Underwriters:	Citigroup Global Markets Inc. and UBS Financial Services Inc.
Fees:	2%
Cusip:	17324P677

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