By Marisa Wong
Madison, Wis., Sept. 15 – Citigroup Inc. priced $4.58 million of 0% accelerated return notes due Sept. 15, 2016 linked to Freeport-McMoRan Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 142.6% of any gain in the price of Freeport-McMoRan shares.
Investors will be exposed to any losses.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Inc.
|
| Issue: | Accelerated return notes
|
| Underlying stock: | Freeport-McMoRan Inc. (NYSE: FCX)
|
| Amount: | $4,575,000
|
| Maturity: | Sept. 15, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 142.6% of any gain in stock price; exposure to any losses
|
| Initial price: | $34.56
|
| Pricing date: | Sept. 11
|
| Settlement date: | Sept. 16
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2%
|
| Cusip: | 1730T0Y78
|
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