By Jennifer Chiou
New York, Feb. 5 - Citigroup Inc. priced $4.72 million of 6% annualized single observation Equity LinKed Securities due Aug. 5, 2013 linked to Broadcom Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The payout at maturity will be par of $10 in cash unless Broadcom' stock finishes below the 80% downside threshold price, in which case the payout will be a number of Broadcom shares equal to $10 divided by the initial share price or, at the issuer's option, the cash equivalent.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Inc.
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Issue: | Equity LinKed Securities
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Underlying stock: | Broadcom Corp. (Nasdaq: BRCM)
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Amount: | $4.72 million
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Maturity: | Aug. 5, 2013
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Coupon: | 6%, payable monthly
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Price: | Par of $10.00
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Payout at maturity: | If final price of Broadcom stock is less than or equal to downside threshold price, 0.08639 Broadcom shares or equivalent value in cash; otherwise, par
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Initial share price: | $32.45
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Threshold price: | $25.96, 80% of initial price
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Pricing date: | Jan. 31
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Settlement date: | Feb. 5
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 1.5%
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Cusip: | 17318Q236
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