Obbligazione CitiCorp 1.708% ( US1730T0T581 ) in USD

Emittente CitiCorp
Prezzo di mercato refresh price now   100 USD  ▲ 
Paese  Stati Uniti
Codice isin  US1730T0T581 ( in USD )
Tasso d'interesse 1.708% per anno ( pagato 2 volte l'anno)
Scadenza 27/06/2034



Prospetto opuscolo dell'obbligazione Citigroup US1730T0T581 en USD 1.708%, scadenza 27/06/2034


Importo minimo 1 000 USD
Importo totale 4 363 000 USD
Cusip 1730T0T58
Standard & Poor's ( S&P ) rating N/A
Moody's rating NR
Coupon successivo 27/12/2025 ( In 62 giorni )
Descrizione dettagliata Citigroup č una multinazionale statunitense operante nel settore dei servizi finanziari, con attivitą che includono la gestione patrimoniale, l'investment banking e le operazioni di credito al consumo.

Citigroup ha emesso un'obbligazione (ISIN: US1730T0T581, CUSIP: 1730T0T58) denominata in USD, con scadenza il 27/06/2034, cedola semestrale al 1.708%, per un ammontare totale di 4.363.000 unitą, con taglio minimo di 1.000 unitą, attualmente negoziata al 100% del valore nominale e non ancora valutata da Moody's.







http://www.sec.gov/Archives/edgar/data/831001/000095010314004408/dp47388_424b2-1159.htm
424B2 1 dp47388_424b2-1159.htm PRICING SUPPLEMENT
CALCULATION OF REGISTRATION FEE

Title of each class of securities to be registered
Maximum aggregate offering price
Amount of registration fee(1) (2)
Medium-Term Senior Notes, Series G
$4,363,000
$561.95
(1) Calculated in accordance with Rule 457(r) of the Securities Act.
(2) Pursuant to Rule 457(p) under the Securities Act, the $2,422,039.70 remaining of registration fees previously paid with respect to unsold securities registered on Registration
Statement File No. 333-172554, filed on March 2, 2011 by Citigroup Funding Inc., a wholly owned subsidiary of Citigroup Inc., is being carried forward, of which $561.95 is
offset against the registration fee due for this offering and of which $2,421,477.75 remains available for future registration fee offset. No additional registration fee has been paid
with respect to this offering.

June 24, 2014
Medium-Term Senior Notes, Series G
Pricing Supplement No. 2014--CMTNG0163
Filed Pursuant to Rule 424(b)(2)
Registration Statement No. 333-192302
Callable Fixed to Floating Rate Leveraged CMS Spread Range Accrual Notes Contingent on the S&P 500® Index Due June 27, 2034
§
The notes offered by this pricing supplement wil pay interest at a fixed rate of 13.00% per annum for the first year fol owing issuance. Thereafter, subject to our right to call the notes for mandatory
redemption, as described below, interest wil accrue on the notes during each quarterly accrual period at the relevant contingent rate for that accrual period, but only for each elapsed day during that
accrual period on which the accrual condition is satisfied. The accrual condition wil be satisfied on an elapsed day if the closing level of the S&P 500® Index (the "underlying index") on that elapsed day is
greater than or equal to the accrual barrier level specified below. The relevant contingent rate for any accrual period wil be set on the second U.S. government securities business day prior to the first day
of that accrual period and wil be based on the 30-year constant maturity swap rate ("CMS30") minus the 2-year constant maturity swap rate ("CMS2"), subject to a maximum annual rate of 13.00% per
annum. The "modified CMS spread" is the CMS spread minus 0.25%. Investors in the notes will be subject to risks associated with both the modified CMS spread and the underlying index
and may be negatively affected by adverse movements in either regardless of the performance of the other.
§
We have the right to cal the notes for mandatory redemption on any coupon payment date after the first year of their term.
§
The notes are unsecured senior debt securities issued by Citigroup Inc. Investors in the notes must be wil ing to accept (i) an investment that may have limited or no liquidity and (ii) the risk of not receiving
any amount due under the notes if we default on our obligations. All payments on the notes are subject to the credit risk of Citigroup Inc.
KEY TERMS

Aggregate stated principal
$4,363,000
amount:
Stated principal amount:
$1,000 per note
CMS spread:
On any CMS spread determination date, CMS30 minus CMS2, each as determined on that CMS spread determination date
Modified CMS spread:
The CMS spread minus 0.25%
Underlying index:
S&P 500® Index
Pricing date:
June 24, 2014
Issue date:
June 27, 2014
Maturity date:
Unless earlier redeemed, June 27, 2034
Payment at maturity:
Unless earlier redeemed, $1,000 per note plus the coupon payment due at maturity, if any
Coupon payments:
On each coupon payment date occurring during the first year fol owing issuance of the notes, the notes wil pay a fixed coupon of 13.00% per annum, regardless of the CMS
spread or the level of the underlying index. On each coupon payment date after the first year, you wil 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 wil be determined as fol ows:

number of accrual days during the related accrual period
relevant contingent rate per annum ×
number of elapsed days during the related accrual period

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
1 of 26
6/26/2014 4:25 PM


http://www.sec.gov/Archives/edgar/data/831001/000095010314004408/dp47388_424b2-1159.htm
coupon rate for the related coupon payment date will be 0.00%.
Relevant contingent rate:
The relevant contingent rate for any coupon payment date after the first year fol owing issuance of the notes means:
4.00 × the modified CMS spread (as of the CMS spread determination date for the related accrual period), subject to a minimum relevant contingent rate of
0.00% per annum and a maximum relevant contingent rate of 13.00% per annum.
If the CMS spread for any accrual period is less than or equal to 0.25%, 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 13.00% per annum.
Coupon payment dates:
The 27th day of each March, June, September and December, beginning on September 27, 2014
Accrual period:
For each coupon payment date after the first year fol owing issuance of the notes, the period from and including the immediately preceding coupon payment date to but
excluding such coupon payment date
CMS spread determination date: For any accrual period commencing on or after June 27, 2015, the second U.S. government securities business day prior to the first day of that accrual period
Accrual day:
An elapsed day on which the accrual condition is satisfied
Elapsed day:
Calendar day
Accrual condition:
The accrual condition wil 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" on the next page.
Initial index level:
1,949.98, the closing level of the underlying index on the pricing date
Accrual barrier level:
1,364.986, 70.00% of the initial index level
Early redemption:
We have the right to redeem the notes, in whole and not in part, quarterly on any coupon payment date on or after June 27, 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
CUSIP / ISIN:
1730T0T58 / US1730T0T581
Listing:
The notes wil not be listed on any securities exchange
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(2)
Per note:
$1,000.00
$50.00
$950.00
Total:
$4,363,000.00
$152,705.00
$4,210,295.00
(1) On the date of this pricing supplement, the estimated value of the notes is $899.00 per note, which is less than the issue price. The estimated value of the notes 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 wil ing to buy the notes from
you at any time after issuance. See "Valuation of the Notes" in this pricing supplement.

(2) The underwriting fee is variable but wil not exceed $50.00 per note. The per note proceeds to issuer above represent the minimum per note proceeds to Citigroup Inc., assuming the maximum per note
underwriting fee. The total underwriting fee and proceeds to issuer shown above gives effect to the actual amount of this variable underwriting fee. For more information on the distribution of the notes, see
"Supplemental Plan of Distribution" in this pricing supplement. In addition to the underwriting fee, CGMI and its affiliates may profit from expected hedging activity related to this offering, even if the value of the
notes declines. See "Use of Proceeds and Hedging" in the accompanying prospectus.

Investing in the notes involves risks not associated with an investment in conventional debt securities. See "Summary Risk Factors"
beginning on page PS-4.

Neither the Securities and Exchange Commission (the "SEC") nor any state securities commission has approved or disapproved of the notes or determined that this pricing supplement and
the accompanying product supplement, underlying supplement, prospectus supplement and prospectus is truthful or complete. Any representation to the contrary is a criminal offense. You
should read this pricing supplement together with the following documents, which can be accessed via the following hyperlinks:
Product Supplement No. IE-06-02 dated November 13, 2013 Underlying Supplement No. 3 dated November 13, 2013
Prospectus Supplement and Prospectus each dated November 13, 2013
The notes are not bank deposits and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency, nor are they obligations of, or
guaranteed by, a bank.


2 of 26
6/26/2014 4:25 PM


http://www.sec.gov/Archives/edgar/data/831001/000095010314004408/dp47388_424b2-1159.htm
3 of 26
6/26/2014 4:25 PM


http://www.sec.gov/Archives/edgar/data/831001/000095010314004408/dp47388_424b2-1159.htm

Callable Fixed to Floating Rate Leveraged CMS Spread Range Accrual Notes Contingent on the S&P 500® Index Due June 27, 2034



General. The terms of the notes are set forth in the accompanying product supplement, prospectus supplement and prospectus, as supplemented by this pricing
supplement. The accompanying product supplement, prospectus supplement and prospectus contain important disclosures that are not repeated in this pricing
supplement. For example, certain events may occur that could affect the amount of any variable quarterly coupon payment you receive. These events and their
consequences are described in the accompanying product supplement in the sections "Description of the Notes--Terms Related to the Underlying Index--
Discontinuance or Material Modification of the Underlying Index" not in this pricing supplement. The accompanying underlying supplement contains important
disclosures regarding the underlying index that are not repeated in this pricing supplement. It is important that you read the accompanying product supplement,
underlying supplement, prospectus supplement and prospectus together with this pricing supplement in connection with your investment in the notes. Certain terms
used but not defined in this pricing supplement are defined in the accompanying product supplement.

Additional terms relating to the accrual condition. For purposes of determining whether the accrual condition is satisfied on any elapsed day, if the closing level
of the underlying index is not available for any reason on that day (including weekends and holidays), the closing level of the underlying index wil be assumed to be
the same as on the immediately preceding elapsed day. In addition, for all elapsed days from and including the fourth-to-last scheduled trading day in an accrual
period to and including the last elapsed day of that accrual period, the closing level of the underlying index wil not be observed and wil be assumed to be the same
as on the elapsed day immediately preceding such unobserved days.


The sections below provide examples of how the coupon payments on the notes wil be determined. The first section, "--Determining the Hypothetical Relevant
Contingent Rate," provides a limited number of hypothetical examples of how the relevant contingent rate for any accrual period wil be determined based on
hypothetical CMS spread values, as determined on the second U.S. government securities business day prior to the beginning of the applicable accrual period. The
second section, "--Determining the Hypothetical Coupon Payments," provides a limited number of hypothetical examples of how the coupon payments on the notes
wil be determined based on a limited number of hypothetical relevant contingent interest rates and a limited number of hypothetical accrual days during a
hypothetical accrual period. The figures below have been rounded for ease of analysis.

Determining the Hypothetical Relevant Contingent Rate

The table below presents examples of hypothetical relevant contingent rates based on various hypothetical CMS spread values.

Hypothetical Modified CMS Spread**
Hypothetical Relevant Contingent Rate per
Example
Hypothetical CMS Spread*
Annum***
1
-0.40%
-0.65%
0.00%
2
-0.20%
-0.45%
0.00%
4 of 26
6/26/2014 4:25 PM


http://www.sec.gov/Archives/edgar/data/831001/000095010314004408/dp47388_424b2-1159.htm
3
0.00%
-0.25%
0.00%
4
0.20%
-0.05%
0.00%
5
0.25%
0.00%
0.00%
6
0.40%
0.15%
0.60%
7
0.60%
0.35%
1.40%
8
0.80%
0.55%
2.20%
9
1.00%
0.75%
3.00%
10
1.20%
0.95%
3.80%
11
1.40%
1.15%
4.60%
12
1.60%
1.35%
5.40%
13
1.80%
1.55%
6.20%
14
2.00%
1.75%
7.00%
15
2.20%
1.95%
7.80%
16
2.40%
2.15%
8.60%
17
2.60%
2.35%
9.40%
18
2.80%
2.55%
10.20%
19
3.00%
2.75%
11.00%
20
3.20%
2.95%
11.80%
21
3.40%
3.15%
12.60%
22
3.50%
3.25%
13.00%
23
3.60%
3.35%
13.00%
June 2014
PS-2


5 of 26
6/26/2014 4:25 PM


http://www.sec.gov/Archives/edgar/data/831001/000095010314004408/dp47388_424b2-1159.htm

Callable Fixed to Floating Rate Leveraged CMS Spread Range Accrual Notes Contingent on the S&P 500® Index Due June 27, 2034

24
3.80%
3.55%
13.00%
25
4.00%
3.75%
13.00%
_______________________________

* Hypothetical CMS spread = (CMS30 ­ CMS2), where CMS30 and CMS2 are determined on the second U.S. government securities business day prior to the
beginning of the applicable accrual period.

** Hypothetical modified CMS spread = hypothetical CMS spread ­ 0.25%

*** Hypothetical relevant contingent rate per annum for the accrual period = the greater of (i) 4.00 × (CMS spread ­ 0.25%) and (i ) 0.00%, subject to the maximum
relevant contingent rate of 13.00% per annum.

Determining the Hypothetical Coupon Payments

The tables below present examples of the hypothetical variable coupon rate and hypothetical variable quarterly coupon payments after the first year fol owing
issuance of the notes based on the number of accrual days in a particular accrual period and different assumptions about the modified CMS spread. For il ustrative
purposes only, the table assumes an accrual period that contains 90 elapsed days and that the notes have not previously been redeemed. The actual coupon
payment for any coupon payment date after the first year wil depend on the actual number of accrual days and elapsed days during the related accrual period and
the actual modified CMS spread on the CMS spread determination date for that accrual period. The variable coupon rate for each accrual period will apply only to
that accrual period.


Assuming the modified CMS spread is 0.35% on the applicable CMS spread determination date:

Hypothetical Number of Accrual
Hypothetical Relevant Contingent Rate Hypothetical Variable Coupon Rate per
Hypothetical Variable Quarterly
Days in Accrual Period*
per Annum**
Annum***
Coupon Payment per Note****
0
1.40%
0.00%
$0.00
15
1.40%
0.23%
$0.58
30
1.40%
0.47%
$1.17
45
1.40%
0.70%
$1.75
60
1.40%
0.93%
$2.33
75
1.40%
1.17%
$2.92
6 of 26
6/26/2014 4:25 PM


http://www.sec.gov/Archives/edgar/data/831001/000095010314004408/dp47388_424b2-1159.htm
90
1.40%
1.40%
$3.50

Assuming the modified CMS spread is 3.55% on the applicable CMS spread determination date:

Hypothetical Number of Accrual
Hypothetical Relevant Contingent Rate Hypothetical Variable Coupon Rate per
Hypothetical Variable Quarterly
Days in Accrual Period*
per Annum**
Annum***
Coupon Payment per Note****
0
13.00%
0.00%
$0.00
15
13.00%
2.17%
$5.42
30
13.00%
4.33%
$10.83
45
13.00%
6.50%
$16.25
60
13.00%
8.67%
$21.67
75
13.00%
10.83%
$27.08
90
13.00%
13.00%
$32.50
June 2014
PS-3


7 of 26
6/26/2014 4:25 PM


http://www.sec.gov/Archives/edgar/data/831001/000095010314004408/dp47388_424b2-1159.htm

Callable Fixed to Floating Rate Leveraged CMS Spread Range Accrual Notes Contingent on the S&P 500® Index Due June 27, 2034

Assuming the modified CMS spread is 0.00% on the applicable CMS spread determination date:

Hypothetical Number of Accrual
Hypothetical Relevant Contingent Rate Hypothetical Variable Coupon Rate per
Hypothetical Variable Quarterly
Days in Accrual Period*
per Annum**
Annum***
Coupon Payment per Note****
0
0.00%
0.00%
$0.00
15
0.00%
0.00%
$0.00
30
0.00%
0.00%
$0.00
45
0.00%
0.00%
$0.00
60
0.00%
0.00%
$0.00
75
0.00%
0.00%
$0.00
90
0.00%
0.00%
$0.00

* An accrual day is an elapsed day on which the accrual condition is satisfied (i.e., on which the closing level of the underlying index is greater than or equal to the
accrual barrier level)

** The hypothetical relevant contingent rate is equal to the greater of (i) 4.00 × (CMS spread ­ 0.25%) and (i ) 0.00% per annum, subject to the maximum
relevant contingent rate of 13.00% per annum

*** The hypothetical variable coupon rate per annum is equal to (i) the hypothetical relevant contingent rate per annum multiplied by (i ) (a) the hypothetical
number of accrual days in the related accrual period divided by (b) 90

**** The hypothetical variable quarterly coupon payment per note is equal to (i) $1,000 multiplied by the hypothetical variable coupon rate per annum divided by
(ii) 4


An investment in the notes is significantly riskier than an investment in conventional debt securities. The notes are subject to all of the risks associated with an
investment in our conventional debt securities, including the risk that we may default on our obligations under the notes, and are also subject to risks associated with
both the modified CMS spread and the underlying index. Accordingly, the notes are suitable only for investors who are capable of understanding the complexities
and risks of the notes. You should consult your own financial, tax and legal advisers as to the risks of an investment in the notes and the suitability of the notes in
light of your particular circumstances.

The fol owing is a summary of certain key risk factors for investors in the notes. You should read this summary together with the more detailed description of risks
relating to an investment in the notes contained in the section "Risk Factors Relating to the Notes" beginning on page EA-6 in the accompanying product supplement
8 of 26
6/26/2014 4:25 PM


http://www.sec.gov/Archives/edgar/data/831001/000095010314004408/dp47388_424b2-1159.htm
and the description of risks relating to the underlying index contained in the section "Risk Factors" beginning on page 1 in the accompanying underlying
supplement. You should also careful y read the risk factors included in the documents incorporated by reference in the accompanying prospectus, including our most
recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q, which describe risks relating to our business more general y.

§
The notes offer a variable coupon rate after the first year following issuance, and you may not receive any coupon payment on one or more coupon
payment dates. Any variable coupon payment you receive wil be paid at a per annum rate equal to the relevant contingent rate for the applicable coupon
payment date only if the accrual condition is satisfied on each elapsed day during the related accrual period. The accrual condition wil be satisfied on any
elapsed day if the closing level of the underlying index on that elapsed day is greater than or equal to the accrual barrier level. If, on any elapsed day during an
accrual period, the accrual condition is not satisfied, the applicable variable coupon payment wil be paid at a rate that is less, and possibly significantly less,
than the relevant contingent rate. If, on each elapsed day during an accrual period, the accrual condition is not satisfied, no variable coupon payment wil be
made on the related coupon payment date. Accordingly, there can be no assurance that you wil receive a variable coupon payment on any coupon payment
date or that any variable coupon payment you do receive wil be calculated at the ful relevant contingent rate. Furthermore, because the relevant contingent
rate is itself a floating rate determined by reference to the CMS spread, the notes are subject to an additional contingency associated with the CMS
spread. The relevant contingent rate wil vary based on fluctuations in the CMS spread. If the CMS spread narrows, the relevant contingent rate wil be
reduced. The relevant contingent rate may be as low as zero for any coupon payment date. If the relevant contingent rate is zero for any coupon payment
date, you wil not receive any variable coupon payment on that coupon payment date even if the accrual condition is satisfied on each elapsed day in the related
accrual period. Thus, the notes are not a suitable investment for investors who require regular fixed income payments.

§
Although the notes provide for the repayment of the stated principal amount at maturity, you may nevertheless suffer a loss on your investment in
the notes, in real value terms, if you receive below-market or no variable coupon payments after the first year of the term of the notes. This is
because inflation may cause the real value of the stated principal amount to be less at maturity than it is at the time you invest, and because an investment in the
notes represents a forgone opportunity to invest in an alternative asset that does generate a positive real return. You should careful y consider whether an
investment that

June 2014
PS-4


9 of 26
6/26/2014 4:25 PM


http://www.sec.gov/Archives/edgar/data/831001/000095010314004408/dp47388_424b2-1159.htm

Callable Fixed to Floating Rate Leveraged CMS Spread Range Accrual Notes Contingent on the S&P 500® Index Due June 27, 2034


may not provide for any return on your investment, or may provide a return that is lower than the return on alternative investments, is appropriate for you.

§
The relevant contingent rate may decline, possibly to 0.00%, if short-term interest rates rise. Although there is no single factor that determines CMS
spreads, CMS spreads have historical y tended to fal when short-term interest rates rise. Short-term interest rates have historical y been highly sensitive to the
monetary policy of the Federal Reserve Board. Accordingly, one significant risk assumed by investors in the notes is that the Federal Reserve Board may
pursue a policy of raising short-term interest rates, which, if historical patterns hold, would lead to a decrease in the CMS spread. In that event, the relevant
contingent rate would be reduced, and may be 0.00%, and the floating rate payable on the notes would also decline significantly, possibly to 0.00%. It is
important to understand, however, that short-term interest rates are affected by many factors and may increase even in the absence of a Federal Reserve
Board policy to increase short-term interest rates. Furthermore, it is important to understand that the CMS spread may decrease even in the absence of an
increase in short-term interest rates because it, too, is influenced by many complex factors.

§
The relevant contingent rate on the notes may be lower than other market interest rates. The relevant contingent rate on the notes wil not necessarily
move in line with general U.S. market interest rates or even CMS rates and, in fact, may move inversely with general U.S. market interest rates. For example, if
there is a general increase in CMS rates but shorter-term rates rise more than longer-term rates, the CMS spread wil decrease, as wil the relevant contingent
rate. Accordingly, the notes are not appropriate for investors who seek floating interest payments based on general market interest rates.

§
The CMS spread applicable to any accrual period will be reduced by 0.25%. When determining the relevant contingent rate, 0.25% wil be deducted from
the value of the CMS spread on the relevant CMS spread determination date to determine the modified CMS spread. Because the modified CMS spread is
multiplied by 4 in order to determine the relevant contingent rate (subject to the maximum relevant contingent rate), the 0.25% deduction from the CMS spread
reduces the relevant contingent rate by a ful 1.00%.

§
The higher potential yield offered by the notes is associated with greater risk that the notes will pay a low or no coupon on one or more coupon
payment dates. After the first year fol owing issuance of the notes, the notes offer variable coupon payments with the potential to result in a higher yield than
the yield on our conventional debt securities of the same maturity. You should understand that, in exchange for this potential y higher yield, you wil be exposed
to significantly greater risks than investors in our conventional debt securities. These risks include the risk that the variable coupon payments you receive, if any,
wil result in a yield on the notes that is lower, and perhaps significantly lower, than the yield on our conventional debt securities of the same maturity. The
volatility of the CMS spread and the underlying index are important factors affecting this risk. Greater expected volatility of the CMS spread and/or the
underlying index as of the pricing date may contribute to the higher yield potential, but would also represent a greater expected likelihood as of the pricing date
that, after the first year, you wil receive low or no coupon payments on the notes.

§
The notes are subject to risks associated with both the CMS spread and the underlying index and may be negatively affected by adverse
movements in either regardless of the performance of the other. The amount of any variable coupon payments you receive wil depend on the performance
of both the CMS spread and the underlying index. If the CMS spread is low, causing the relevant contingent rate to be low or zero, the notes wil pay a low or
no coupon even if the closing level of the underlying index is consistently greater than the accrual barrier level. Conversely, even if the CMS spread is high,
causing the relevant contingent rate to be high, the notes wil pay no coupon if the closing level of the underlying index is consistently less than the accrual barrier
level. Accordingly, you wil be subject to risks associated with both the CMS spread and the underlying index, and your return on the notes wil depend
significantly on the relationship between such risks over the term of the notes.
10 of 26
6/26/2014 4:25 PM