By Jennifer Chiou
New York, June 26 - Citigroup Funding Inc. priced $12.33 million of 0% strategic market access notes due July 14, 2011 linked to the Citi Country Select index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are putable during the last five calendar days of each month, beginning on Sept. 26, 2008, in amounts of at least $10,000. The redemption amount will be 99.75% of the net investment value.
The net investment value will initially be set at 97.25% of par. On each trading day thereafter, the net investment value will be the pervious day's net investment value times that day's index performance.
The net investment value of the notes will be published by the CBOE under the symbol "CHZ." If the notes are not redeemed early, the payment at maturity will be the net investment value.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | Strategic market access notes
|
| Underlying index: | Citi Country Select index
|
| Amount: | $12.33 million
|
| Maturity: | July 14, 2011
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Net investment value; originally set at 97.25% and multiplied by daily index performance on each trading day thereafter
|
| Initial index level: | 227.20
|
| Pricing date: | June 24
|
| Settlement date: | June 27
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2.75%, including 2.5% for sales commission
|
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