By Jennifer Chiou
New York, Sept. 27 - Citigroup Funding Inc. priced a $19.7 million issue of 0% notes due Jan. 8, 2008 structured as Index Leading Stockmarket Return Securities (Lasers) linked to the CBOE Large Cap Over Small Cap Outperformance Strategy index, according to an FWP filing with the Securities and Exchange Commission.
If the performance of the index is positive, investors will receive the gain on the index multiplied by an upside participation rate of 125%. If the value of any index has declined 15% or more from the starting value during the life of the notes and it ends below the initial amount, investors will share in any losses.
Investors may lose all of their investment.
Citigroup Global Markets Inc. will be calculation agent.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | Index Leading Stockmarket Return Securities (Lasers)
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| Underlying index: | CBOE Large Cap Over Small Cap Outperformance Strategy index
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| Amount: | $19.7 million
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| Coupon: | 0%
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| Maturity: | Jan. 8, 2008
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| Payout at maturity: | If the performance of the index is positive, 125% of the index gain; if the value of any index has declined 15% or more from the starting value during the life of the notes and it ends below the initial amount, investors will share in any losses
|
| Pricing date: | Sept. 25
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| Settlement date: | Sept. 28
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| Listing: | Amex: ICZ
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| Agent: | Citigroup Global Markets Inc.
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