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Published on 5/21/2013 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $10.03 million 9.75% ELKS linked to Valero Energy

By Susanna Moon

Chicago, May 21 - Citigroup Inc. priced $10.03 million of 9.75% annualized single observation Equity LinKed Securities due Nov. 21, 2013 linked to Valero Energy Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The payout at maturity will be par of $10 unless Valero Energy shares finish below the 80% trigger level, in which case the payout will be a number of shares of Valero Energy stock equal to $10 divided by the initial price or, at the investor's option, the cash equivalent.

Citigroup Global Markets Inc. is the underwriter.

Issuer:Citigroup Inc.
Issue:Equity LinKed Securities
Underlying stock:Valero Energy Corp. (NYSE: VLO)
Amount:$10.03 million
Maturity:Nov. 21, 2013
Coupon:9.75%, payable monthly
Price:Par of $10.00
Payout at maturity:Par in cash unless Valero Energy shares finish below trigger level, in which case 0.24272 Valero Energy shares
Initial share price:$41.20
Trigger level:$32.96, 80% of initial share price
Pricing date:May 17
Settlement date:May 22
Underwriter:Citigroup Global Markets Inc.
Fees:1.5%
Cusip:173095563

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