By Susanna Moon
Chicago, Oct. 20 – Citigroup Inc. priced $3.98 million of 8% airbag autocallable yield optimization notes due Oct. 22, 2015 linked to EOG Resources, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called at par if EOG shares close at or above the initial share price on any quarterly observation date.
The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of EOG shares equal to $1,000 divided by the conversion price. The conversion price is 85% of the initial share price.
Citigroup Global Markets Inc. and UBS Financial Services Inc. are the underwriters.
| Issuer: | Citigroup Inc.
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| Issue: | Airbag autocallable yield optimization notes
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| Underlying stock: | EOG Resources, Inc. (NYSE: EOG)
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| Amount: | $3,976,000
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| Maturity: | Oct. 22, 2015
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| Coupon: | 8%, payable monthly
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| Price: | Par
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| Payout at maturity: | Par unless final share price is less than conversion price, in which case number of EOG shares equal to $1,000 divided by conversion price
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| Call: | At par if EOG shares close at or above initial share price on any quarterly observation date
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| Initial share price: | $91.22
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| Conversion price: | $77.54, 85% of initial share price
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| Pricing date: | Oct. 17
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| Settlement date: | Oct. 22
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| Underwriters: | Citigroup Global Markets Inc. and UBS Financial Services Inc.
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| Fees: | 1.5%
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| Cusip: | 17322X870
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