New Issue: Citigroup prices $550,000 upturn notes linked to Schlumberger

By Angela McDaniels

Tacoma, Wash., Sept. 24 – Citigroup Inc. priced $550,000 of 0% upturn securities due March 27, 2017 linked to the common stock of Schlumberger NV (Schlumberger Ltd.), according to a 424B2 filing with the Securities and Exchange Commission.

If the final share price is greater than or equal to the initial share price, the payout at maturity will be par plus 300% of the stock’s return, subject to a maximum return of 28.5%. If the final share price is less than the initial share price, the payout will be a number of Schlumberger shares equal to $1,000 divided by the initial share price.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Inc.
Issue:	Upturn securities
Underlying stock:	Schlumberger NV
Amount:	$550,000
Maturity:	March 27, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 300% of any stock gain, capped at 28.5%; if stock declines, 13.7798 Schlumberger shares
Initial share price:	$72.57
Pricing date:	Sept. 22
Settlement date:	Sept. 25
Underwriter:	Citigroup Global Markets Inc.
Fees:	1%
Cusip:	17298C2P2

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