By Angela McDaniels
Tacoma, Wash., March 5 – Citigroup Inc. priced $3.35 million of 0% contingent buffered enhanced securities due March 6, 2017 linked to the performance of the Mexican peso relative to the euro, according to a 424B2 filing with the Securities and Exchange Commission.
The currency return will be positive if the peso appreciates relative to the euro.
If the currency return is positive, the payout at maturity will be par plus 500% of the currency return, subject to a maximum return of 40.75%. If the currency return is zero or negative but not equal to or below negative 20%, the payout will be par. If the currency return is negative 20% or less, investors will be fully exposed to the decline.
Citigroup Global Markets Inc. is the underwriter. J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are agents.
| Issuer: | Citigroup Inc.
|
| Issue: | Contingent buffered enhanced securities
|
| Underlying currency: | Mexican peso measured relative to euro
|
| Amount: | $3.35 million
|
| Maturity: | March 6, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If currency return is positive, par plus 500% of currency return, subject to maximum return of 40.75%; if currency return is zero or negative but not equal to or below negative 20%, par; if currency return is negative 20% or less, full exposed to decline
|
| Initial exchange rate: | 16.735
|
| Pricing date: | March 3
|
| Settlement date: | March 6
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
|
| Fees: | 1.5%
|
| Cusip: | 1730T05Q8
|
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