By Susanna Moon
Chicago, Oct. 20 - Citigroup Funding Inc. priced $7.25 million of 0% buffer notes due Oct. 24, 2012 linked to the Dow Jones-UBS Commodity index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus double any index gain, up to a maximum return of 65%.
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.
|
| Issue: | Buffer notes
|
| Underlying index: | Dow Jones-UBS Commodity index
|
| Amount: | $7.25 million
|
| Maturity: | Oct. 24, 2012
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus double any index gain, capped at 65%; par if index falls by 10% or less; exposure to losses beyond 10%
|
| Initial index level: | 134.321
|
| Pricing date: | Oct. 16
|
| Settlement date: | Oct. 22
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2.25%
|
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