By Angela McDaniels
Tacoma, Wash., Feb. 4 - Citigroup Funding Inc. priced $5.26 million of 0% dual directional trigger Performance Leveraged Upside Securities due Jan. 29, 2015 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If Apple's final share price is greater than the initial share price, the payout at maturity will be par of $10.00 plus 200% of the increase, subject to a maximum return of 42%.
If the final share price is less than or equal to the initial share price but is greater than or equal to the trigger level, the payout will be par plus the absolute value of the stock return. The trigger level is 80% of the initial share price.
If the final share price is less than the trigger level, investors will be fully exposed to the decline from the initial share price.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | Dual directional trigger Performance Leveraged Upside Securities
|
| Underlying stock: | Apple Inc. (Nasdaq: AAPL)
|
| Amount: | $5,259,500
|
| Maturity: | Jan. 29, 2015
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | If final share price is greater than initial share price, par plus 200% of increase, subject to maximum return of 42%; if final share price is less than or equal to initial share price but is greater than or equal to trigger level, par plus absolute value of stock return; if final share price is less than trigger level, full exposure to decline from initial share price
|
| Initial share price: | $455.31
|
| Trigger level: | $364.248, 80% of initial share price
|
| Pricing date: | Jan. 31
|
| Settlement date: | Feb. 5
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 2.25%
|
| Cusip: | 17318Q244 |
|
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