Citigroup plans 6%-7.9% airbag autocallables linked to Five Below

By Jennifer Chiou

New York, Dec. 10 – Citigroup Inc. plans to price 6% to 7.9% airbag autocallable yield optimization notes due Dec. 17, 2015 linked to the stock of Five Below, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly. The exact interest rate will be set at pricing.

The notes will be called automatically at par if Five Below 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 Five Below shares equal to $1,000 divided by the conversion price. The conversion price will be 80% of the initial share price.

The notes (Cusip: 17322X342) will price on Dec. 12 and settle on Dec. 17.

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

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