By Marisa Wong
Madison, Wis., March 31 – Citigroup Inc. priced $452,000 of 0% trigger performance securities due March 29, 2019 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund return is positive, the payout at maturity will be par of $10 plus 156% of the fund return.
If the fund return is zero or negative and the final level is greater than or equal to the trigger level, 80% of the initial level, the payout will be par.
If the final level is less than the trigger level, investors will be fully exposed to the decline in the fund from its initial level.
UBS Financial Services Inc. and Citigroup Global Markets Inc. are the agents.
| Issuer: | Citigroup Inc.
|
| Issue: | Trigger performance securities
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| Underlying fund: | iShares MSCI EAFE ETF
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| Amount: | $452,000
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| Maturity date: | March 29, 2019
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If fund gains, par plus 156% of return; if fund falls by up to 20%, par; otherwise, full exposure to any losses
|
| Initial level: | $64.98
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| Trigger price: | $51.98, 80% of initial level
|
| Pricing date: | March 26
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| Settlement date: | March 31
|
| Agents: | UBS Financial Services Inc. and Citigroup Global Markets Inc.
|
| Fees: | None
|
| Cusip: | 17323B778
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