By Jennifer Chiou
New York, Dec. 28 - Citigroup Funding Inc. priced $6.93 million of 0% buffered Performance Leveraged Upside Securities due Jan. 9, 2012 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10.00 plus double any index gain, up to a maximum of $12.00 per note.
Investors will receive par if the index falls by up to 10% and will be exposed to declines beyond 10%.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500
|
| Amount: | $6.93 million
|
| Maturity: | Jan. 9, 2012
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 200% of any index gain, capped at 20%; par for losses up to 10%; exposure to losses beyond 10%
|
| Initial index level: | 1,120.59
|
| Pricing date: | Dec. 23
|
| Settlement date: | Dec. 29
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 2.25%
|
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