Published on 10/5/2005 in the Prospect News Convertibles Daily.
New Issue: Citigroup prices $93.9 million 7% Elks exchangeable for Altera
New York, Oct. 5 - Citigroup Funding Inc. priced $93.9 million 7% Elks (equity-linked securities) due Oct. 23, 2006 linked to Altera Corp. common stock, according to a 424B3 filing with the Securities and Exchange Commission.
Issuer: | Citigroup Funding Inc.
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Issue: | Elks (equity-linked securities) medium-term notes, series A
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Underlying stock: | Altera Corp.
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Amount: | $93.9 million
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Maturity: | Oct. 23, 2006
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Interest: | 7%, payable quarterly
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Price: | Par of $18.78
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Payout at maturity: | One share of Altera stock, capped at $21.60 per $18.78 principal amount, 15% above initial price
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Pricing date: | Sept. 29
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Settlement date: | Oct. 6
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Underwriter: | Citigroup
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