By Angela McDaniels
Seattle, Jan. 29 - Citigroup Funding Inc. priced a $10 million offering of 8% Select Equity Linked Notes (Sequins) due Feb. 8, 2008 linked to the S&P Homebuilders Select Industry index, according to an FWP filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The securities will be callable beginning Aug. 3, 2007 to give a yield to call of 16%.
The payout at maturity will be cash in an amount equal to 0.00269 multiplied by the closing value of the index on Feb. 5, 2008, the valuation date.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | Select Equity Linked Notes (Sequins)
|
| Underlying index: | S&P Homebuilders Select Industry
|
| Amount: | $10 million
|
| Maturity: | Feb. 8, 2008
|
| Interest: | 8%, payable quarterly
|
| Price: | Par of $10.00
|
| Payout at maturity: | Cash amount equal to 0.00269 multiplied by the final index level
|
| Call: | Aug. 3, 2007 onwards to give yield to call of 16%
|
| Initial index level: | 3,718.61
|
| Pricing date: | Jan. 25
|
| Settlement date: | Jan. 30
|
| Agent: | Citigroup
|
| Agent fees: | 2.25%
|
| Listing: | "CGK" on American Stock Exchange
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