By Laura Lutz
Des Moines, Nov. 9 - Citigroup Funding Inc. priced $10 million 0% principal-protected notes due Nov. 13, 2009 linked to the two baskets of currencies, according to a 424B2 filing with the Securities and Exchange Commission.
The "A" basket consists of equal weights of the Australian dollar, the British pound, the Brazilian real and the Mexican peso, all relative to the U.S. dollar. The "B" basket consists of equal weights of the euro, the Swiss franc, the Japanese yen and the Czech koruna, all relative to the U.S. dollar.
The payout at maturity will be based on the difference between the performances of the two baskets.
The payout will be par plus 200% of the spread of the A basket return over the B basket return, subject to a minimum payout equal to 104% of par.
If the spread of the A basket performance above the B basket performance is at least 2%, the payout at maturity will be 104% of par.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | Principal-protected notes
|
| Underlying baskets: | The "A" basket, consisting of equal weights of the Australian dollar, the British pound, the Brazilian real and the Mexican peso, all relative to the U.S. dollar; the "B" basket, consisting of equal weights of the euro, the Swiss franc, the Japanese yen and the Czech koruna, all relative to the U.S. dollar
|
| Amount: | $10 million
|
| Maturity: | Nov. 13, 2009
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of spread of A basket return over B basket return; floor of 104% of par
|
| Pricing date: | Nov. 7
|
| Settlement date: | Nov. 13
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0%
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
