Citigroup Inc.
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Pricing Sheet No.2014—CMTNG0198 dated August 26, 2014 relating to
Preliminary Pricing Supplement No. 2014—CMTNG0198 dated July 30, 2014
Registration Statement No. 333-192302
Filed Pursuant to Rule 433
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PRICING TERMS—AUGUST 26, 2014
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Aggregate stated principal amount:
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$11,000,000
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Stated principal amount:
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$1,000 per note
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CMS reference index:
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On any CMS reference determination date, CMS30 minus CMS2, each as determined on that CMS reference determination date
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Underlying index:
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S&P 500® Index
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Pricing date:
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August 26, 2014
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Issue date:
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August 29, 2014
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Maturity date:
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Unless earlier redeemed, August 29, 2034
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Payment at maturity:
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Unless earlier redeemed, $1,000 per note plus the coupon payment due at maturity, if any
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Coupon payments:
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From and including the issue date to but excluding August 29, 2015: 10.00%
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From and including August 29, 2015 to but excluding the maturity date: you will receive a coupon payment at an annual rate equal to the variable coupon rate for that coupon payment date. The variable coupon rate for any coupon payment date will be determined as follows:
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relevant contingent rate per annum ×
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number of accrual days during the related accrual period
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number of elapsed days during the related accrual period
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The variable quarterly coupon payment per note would then be equal to (i) $1,000 multiplied by the variable coupon rate per annum divided by (ii) 4.
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If the number of accrual days in a given accrual period is less than the number of elapsed days in that accrual period, the variable coupon rate for the related coupon payment date will be less than the full relevant contingent rate, and if there are no accrual days in a given accrual period, the variable coupon rate for the related coupon payment date will be 0.00%.
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Relevant contingent rate:
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The relevant contingent rate for any coupon payment date after the first year following issuance of the notes means:
4.50 × the CMS reference index (as of the CMS reference determination date for the related accrual period), subject to a minimum contingent rate of 0.00% per annum and a maximum contingent rate of 10.00% per annum.
If the CMS reference index for any accrual period is less than or equal to 0.00%, the relevant contingent rate for that accrual period will be 0.00% and you will not receive any coupon payment on the related coupon payment date. The relevant contingent rate will in no event exceed 10.00% per annum.
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Coupon payment dates:
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The last calendar day of each February and the 29th day of each May, August and November, and beginning on November 29, 2014
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Accrual period:
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For each coupon payment date after the first year following issuance of the notes, the period from and including the immediately preceding coupon payment date to but excluding such coupon payment date
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CMS reference determination date:
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For any accrual period commencing on or after August 29, 2015, the second U.S. government securities business day prior to the first day of that accrual period
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Maximum contingent rate:
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10.00% per annum
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Minimum contingent rate:
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0.00% per annum
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Accrual day:
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An elapsed day on which the accrual condition is satisfied
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Elapsed day:
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Calendar day
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Accrual condition:
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The accrual condition will be satisfied on an elapsed day if the closing level of the underlying index is greater than or equal to the accrual barrier level on that elapsed day. See “Additional Information” in the related preliminary pricing supplement.
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Initial index level:
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2,000.02, the closing level of the underlying index on the pricing date
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Accrual barrier level:
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1,500.015, 75.00% of the initial index level
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Early redemption:
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We have the right to redeem the notes, in whole and not in part, quarterly on any coupon payment date on or after August 29, 2015 upon not less than five business days’ notice for an amount in cash equal to 100% of the stated principal amount of your notes plus the coupon payment due on the date of redemption, if any
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CUSIP / ISIN:
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1730T0V89 / US1730T0V892
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Listing:
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The notes will not be listed on any securities exchange
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Underwriter:
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Citigroup Global Markets Inc. (“CGMI”), an affiliate of the issuer, acting as principal
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Underwriting fee and issue price:
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Issue price(1)
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Underwriting fee(2)
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Proceeds to issuer
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Per note:
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$1,000
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$35
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$965
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Total:
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$11,000,000
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$385,000
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$10,615,000
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