By Marisa Wong
Madison, Wis., Aug. 12 - Citigroup Inc. priced $7.5 million of notes due Sept. 8, 2014 linked to the Dow Jones - UBS Commodity Index Total Return 4 Month Forward, according to a 424B2 filing with the Securities and Exchange Commission.
Interest equals Libor and is payable at maturity.
The notes are putable in whole at any time, and they will be called if the index declines by 15% or more.
The payout upon redemption or at maturity will be par plus triple the sum of the index return minus the TBill return and minus a fee of 0.26% per year.
The TBill return will be the sum of the 91-day weekly auction high rates for 13-week Treasury bills for each day during the life of the securities.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Inc.
|
| Issue: | Medium-term senior notes
|
| Underlying index: | Dow Jones - UBS Commodity Index Total Return 4 Month Forward
|
| Amount: | $7.5 million
|
| Maturity: | Sept. 8, 2014
|
| Coupon: | Libor, payable at maturity
|
| Price: | Par
|
| Payout at maturity: | Par plus triple the sum of the index return minus TBill return minus fee of 0.26% per year
|
| Put option: | In whole at any time
|
| Call: | Automatically if index declines by 15% or more
|
| Initial index level: | 317.570
|
| Pricing date: | Aug. 8
|
| Settlement date: | Aug. 15
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | None
|
| Cusip: | 1730T0UT4
|
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