By Jennifer Chiou
New York, March 26 - Citigroup Funding Inc. priced a $35 million offering of principal-protected notes due March 29, 2009 linked to a basket of currencies, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes equal weights of the dollar/Australian dollar, dollar/British pound, dollar/Indonesian rupiah, dollar/Mexican peso and dollar/Turkish lira exchange rates.
The notes will pay a one-time coupon of 5.8% in March 2008.
The payout at maturity will be par plus any percentage increase in the basket level. Investors will receive at least par.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | Principal-protected notes
|
| Underlying basket: | Dollar/Australian dollar, dollar/British pound, dollar/Indonesian rupiah, dollar/Mexican peso and dollar/Turkish lira exchange rates, equally weighted
|
| Amount: | $35 million
|
| Maturity: | March 29, 2009
|
| Coupon: | 5.8%, payable one time in March 2008
|
| Price: | Par
|
| Payout at maturity: | Par plus any basket gain; floor of par
|
| Pricing date: | March 23
|
| Settlement date: | March 29
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | None
|
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