By Susanna Moon
Chicago, Jan. 27 - Citigroup Funding Inc. priced $10.13 million of 0% buffer notes due Feb. 4, 2011 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 40%.
Investors will receive par if the index falls by up to 10% and will be exposed to losses beyond 10%.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Funding Inc.
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Issue: | Buffer notes
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Underlying index: | S&P 500
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Amount: | $10.13 million
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Maturity: | Feb. 4, 2011
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus triple any index gain, capped at 40%; exposure to losses beyond 10%
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Initial index level: | 831.95
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Pricing date: | Jan. 23
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Settlement date: | Jan. 28
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 2.25%
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