New York — On July 18, 2012, Citigroup Inc. announced the declaration by
its Board of Directors of a dividend of $0.01 per share of common stock
payable on August 24, 2012, to holders of record on August 6, 2012.
Effective on the payment of this dividend, an adjustment will be made to
the settlement rates and certain other terms of Citi's T-DECS, as set
forth below. No adjustment will be made to the terms of Citi's warrants
or convertible preferred stock because the amount of the dividend to be
paid is less than the threshold amount required for an adjustment. You
should refer to the T-DECS Prospectus dated December 16, 2009, and the
related Current Report on Form 8-K filed on December 24, 2009 for the
definitions of the terms below and for other relevant provisions of the
T-DECS.
|
Prior to August 24, 2012 |
From August 24, 2012 |
| Minimum Settlement Rate |
2.5434 |
2.5444 |
| Maximum Settlement Rate |
3.1792 |
3.1804 |
| Reference Price |
$ 31.45 |
$ 31.44 |
| Threshold Appreciation Price |
$ 39.32 |
$ 39.30 |
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