New Issue: Citi prices $1.21 million contingent coupon autocallables on Bank of America, Amazon

By Toni Weeks

San Luis Obispo, Calif., June 25 – Citigroup Inc. priced $1.21 million of autocallable contingent coupon equity-linked securities due June 28, 2017 linked to the worst performing of the common stocks of Bank of America Corp. and Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 10% if each stock closes at or above the coupon barrier level, 75% of the initial price, on the valuation date for that quarter.

The notes will be called at par plus the contingent coupon if each stock closes at or above the initial share price on any quarterly valuation date other than the first or final dates.

The payout at maturity will be par plus the contingent coupon unless either stock finishes below the 75% barrier level, in which case investors will receive a number of shares of the worst-performing stock equal to $1,000 divided by the initial share price.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Inc.
Issue:	Autocallable contingent coupon equity-linked securities
Underlying stocks:	Bank of America Corp (Symbol: BAC) and Amazon.com, Inc. (Symbol: AMZN)
Amount:	$1,205,000
Maturity:	June 28, 2017
Coupon:	10% annualized, payable quarterly if each stock closes at or above barrier level on valuation date for that quarter
Price:	Par
Payout at maturity:	If each stock finishes at or above barrier price, par plus contingent coupon; otherwise, a number of shares of the worst-performing stock equal to the equity ratio ($1,000 divided by the initial share)
Call:	At par plus contingent coupon if each stock closes at or above initial share price on any quarterly valuation date other than first or final dates
Barrier levels:	75% of initial levels
Initial prices:	$17.67 for BofA, $445.99 for Amazon
Barrier prices:	$13.25 for BofA, $334.49 for Amazon, 75% of initial prices
Equity ratios:	56.5931 for BofA, 2.2422 for Amazon
Pricing date:	June 23
Settlement date:	June 26
Underwriter:	Citigroup Global Markets Inc.
Fees:	1.75%
Cusip:	17298CCG1

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