Citigroup Inc.
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Pricing Sheet No. 2014—CMTNG0192 dated July 24, 2014 relating to
Preliminary Pricing Supplement No. 2014–CMTNG0192 Dated July 23, 2014
Registration Statement No. 333-192302
Filed Pursuant to Rule 433
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PRICING TERMS—JULY 24, 2014
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Underlying rate:
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6-month U.S. Dollar LIBOR
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Underlying index:
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S&P 500® Index
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Aggregate stated principal amount:
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$10,000,000
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Stated principal amount:
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$1,000 per note
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Pricing date:
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July 24, 2014
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Issue date:
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July 29, 2014
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Maturity date:
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Unless earlier redeemed, July 29, 2029
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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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Variable quarterly coupon payments:
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On each coupon payment 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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contingent rate of 5.50% per annum × | number of accrual days during the related accrual period | |
number of elapsed days during the related accrual period |
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.
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 contingent rate, and if there are no accrual days in a given accrual period, the applicable variable coupon rate will be 0.00% per annum.
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Coupon payment dates:
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The 29th day of each January, April, July and October, beginning on October 29, 2014
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Accrual period:
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For each coupon payment date, the period from and including the immediately preceding coupon payment date (or the issue date in the case of the first coupon payment date) to but excluding such coupon payment date
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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, and only if, both (i) the underlying rate is within the underlying rate range on that elapsed day and (ii) 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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Underlying rate range:
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0.00% to 5.00%, inclusive
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Accrual barrier level:
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1,490.985, 75% of the closing level of the underlying index on the pricing date
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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 July 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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Listing:
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The notes will not be listed on any securities exchange
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CUSIP / ISIN:
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1730T0V55 / US1730T0V553
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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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$25
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$975
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Total:
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$10,000,000
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$250,000
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$9,750,000
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