By Jennifer Chiou
New York, March 28 - Citigroup Funding Inc. priced a $51.72 million issue of 0% Stock Market Upturn notes due Oct. 6, 2008 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
Payment at maturity will be par of $10.00 plus triple any gain on the index. The payout will be capped at 20%. If the index declines, noteholders will participate fully in the loss.
The notes will be listed on the American Stock Exchange under the symbol "SMU."
Citigroup Global Markets Inc. is the agent.
Issuer: | Citigroup Funding Inc.
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Issue: | Stock Market Upturn notes
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Underlying index: | MSCI EAFE
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Amount: | $51.72 million
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Maturity: | Oct. 6, 2008
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Coupon: | 0%
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Price: | Par of $10.00
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Payout at maturity: | Par plus triple any index gain, capped at 20%; full participation in any loss
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Initial index level: | 2,153.87
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Pricing date: | March 26
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Settlement date: | March 29
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Agent: | Citigroup Global Markets Inc.
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Agent fees: | 2.25%
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Listing: | Amex: SMU
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