0000950103-14-009074.txt : 20141229 0000950103-14-009074.hdr.sgml : 20141225 20141229154022 ACCESSION NUMBER: 0000950103-14-009074 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20141229 DATE AS OF CHANGE: 20141229 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CITIGROUP INC CENTRAL INDEX KEY: 0000831001 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 521568099 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-192302 FILM NUMBER: 141312579 BUSINESS ADDRESS: STREET 1: 399 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2125591000 MAIL ADDRESS: STREET 1: 399 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: TRAVELERS GROUP INC DATE OF NAME CHANGE: 19950519 FORMER COMPANY: FORMER CONFORMED NAME: TRAVELERS INC DATE OF NAME CHANGE: 19940103 FORMER COMPANY: FORMER CONFORMED NAME: PRIMERICA CORP /NEW/ DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CITIGROUP INC CENTRAL INDEX KEY: 0000831001 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 521568099 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 399 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2125591000 MAIL ADDRESS: STREET 1: 399 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: TRAVELERS GROUP INC DATE OF NAME CHANGE: 19950519 FORMER COMPANY: FORMER CONFORMED NAME: TRAVELERS INC DATE OF NAME CHANGE: 19940103 FORMER COMPANY: FORMER CONFORMED NAME: PRIMERICA CORP /NEW/ DATE OF NAME CHANGE: 19920703 FWP 1 dp52097_fwp-2468.htm PRICING SHEET
Citigroup Inc.
Pricing Sheet No. 2014-CMTNG0325 dated December 23, 2014 relating to
Amendment No.1 to the Preliminary Pricing Supplement No. 2014-CMTNG0325 dated December 18, 2014
Registration Statement No. 333-192302
Filed Pursuant to Rule 433
977,505 PLUS Based on the S&P 500® Index Due January 4, 2016
Performance Leveraged Upside SecuritiesSM
Principal at Risk Securities
PRICING TERMS—DECEMBER 23, 2014
Underlying index:
The S&P 500® Index (ticker symbol: “SPX”)
Aggregate stated principal amount:
$9,775,050
Stated principal amount:
$10 per security
Pricing date:
December 23, 2014
Issue date:
December 29, 2014
Valuation date:
December 29, 2015, subject to postponement if such date is not a scheduled trading day or if certain market disruption events occur
Maturity date:
January 4, 2016
Payment at maturity:
For each $10 stated principal amount security you hold at maturity:
If the final index level is greater than the initial index level:
$10 + the leveraged return amount, subject to the maximum return at maturity
If the final index level is less than or equal to the initial index level:
$10 × the index performance factor
If the final index level declines from the initial index level, your payment at maturity will be less, and possibly significantly less, than the $10 stated principal amount per security. You should not invest in the securities unless you are willing and able to bear the risk of losing a significant portion of your investment.
Initial index level:
2,082.17, the closing level of the underlying index on the pricing date
Final index level:
The closing level of the underlying index on the valuation date
Index performance factor:
The final index level divided by the initial index level
Index percent increase:
The final index level minus the initial index level, divided by the initial index level
Leveraged return amount:
$10 × the index percent increase × the leverage factor
Leverage factor:
300.00%
Maximum return at maturity:
$1.285 per security (12.85% of the stated principal amount). Because of the maximum return at maturity, the payment at maturity will not exceed $11.285 per security.
Listing:
The securities will not be listed on any securities exchange
CUSIP / ISIN:
17322X326 / US17322X3263
Underwriter:
Citigroup Global Markets Inc. (“CGMI”), an affiliate of the issuer, acting as principal
Underwriting fee and issue price:
Issue price(1)
Underwriting fee(2)
Proceeds to issuer
Per security:
$10
$0.175
$9.825
Total:
$9,775,050
$171,063.38
$9,603,986.62
(1) On the pricing date, the estimated value of the securities is $9.880 per security, which is less than the issue price.  The estimated value of the securities is based on CGMI's proprietary pricing models and our internal funding rate. It is not an indication of actual profit to CGMI or other of our affiliates, nor is it an indication of the price, if any, at which CGMI or any other person may be willing to buy the securities from you at any time after issuance.  See “Valuation of the Securities” in the related preliminary pricing supplement.
(2) CGMI, an affiliate of Citigroup Inc. and the underwriter of the sale of the securities, is acting as principal and will receive an underwriting fee of $0.175 for each $10 security sold in this offering.  Certain selected dealers, including Morgan Stanley Wealth Management and their financial advisors, will collectively receive from CGMI a fixed selling concession of $0.175 for each $10 security they sell.  Additionally, it is possible that CGMI and its affiliates may profit from hedging activity related to this offering, even if the value of the securities declines.  See “Use of Proceeds and Hedging” in the accompanying prospectus.
 
You should read this document together with the related preliminary pricing supplement and the other following documents, each of which can be accessed via the hyperlinks below:
 
 
 
 
The securities are not bank deposits and are not insured by the Federal Deposit Insurance Corporation or any other governmental agency, nor are they obligations of, or guaranteed by, a bank.
 
S&P 500® is a registered trademark of S&P Dow Jones Indices LLC (“S&P Dow Jones”) and has been licensed for use by Citigroup Inc. and its affiliates. The securities are not sponsored, endorsed, sold or promoted by S&P Dow Jones. S&P Dow Jones makes no representations or warranties to the owners of the securities or any member of the public regarding the advisability of investing in the securities. S&P Dow Jones has no obligation or liability in connection with the operation, marketing, trading or sale of the securities.
 
Citigroup Inc. has filed a registration statement (including the preliminary pricing supplement and an accompanying product supplement, underlying supplement and prospectus supplement and prospectus) with the Securities and Exchange Commission (“SEC”) for the offering to which this communication relates. You should read the related preliminary pricing supplement and the accompanying product supplement, underlying supplement and prospectus supplement and prospectus in that registration statement (File No. 333-192302) and the other documents Citigroup Inc. has filed with the SEC for more complete information about Citigroup Inc. and this offering. You may get these documents for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, you can request the related preliminary pricing supplement and the accompanying product supplement, underlying supplement and prospectus supplement and prospectus by calling toll-free 1-800-831-9146.