By Marisa Wong
Madison, Wis., Oct. 9 – Citigroup Inc. priced $2.2 million 0% contingent absolute return autocallable optimization securities due Oct. 13, 2015 linked to the common stock of Silver Wheaton Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par of $10 plus an annualized call premium of 12.5% if Silver Wheaton stock closes at or above the initial share price on any quarterly observation date.
If the notes are not called and the final share price is greater than or equal to the trigger price, 75% of the initial share price, the payout at maturity will be par plus the absolute value of the stock return. Otherwise, investors will be fully exposed to the stock decline.
Citigroup Global Markets Inc. and UBS Financial Services Inc. are the underwriters.
| Issuer: | Citigroup Inc.
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| Issue: | Contingent absolute return autocallable optimization securities
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| Underlying stock: | Silver Wheaton Corp. (Symbol: SLW)
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| Amount: | $2,197,500
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| Maturity: | Oct. 13, 2015
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| Contingent coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If final share price is greater than or equal to the trigger price, par plus the absolute value of the stock return; otherwise, investors will be fully exposed to the stock decline
|
| Call: | At par plus 12.5% per year if Silver Wheaton stock closes at or above the initial share price on any quarterly observation date
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| Initial share price: | $19.19
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| Trigger price: | $14.39, 75% of initial share price
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| Pricing date: | Oct. 3
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| Settlement date: | Oct. 8
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| Agents: | Citigroup Global Markets Inc. and UBS Financial Services Inc.
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| Fees: | 1.5%
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| Cusip: | 17322X805
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