By Susanna Moon
Chicago, Sept. 29 - Citigroup Funding Inc. priced $20 million of non-callable leveraged floating-rate notes due Sept. 30, 2020 linked to Libor, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will be 1.75 times Libor, with a minimum rate of 3% and a maximum rate of 8.1%. Interest is payable quarterly.
The payout at maturity will be par.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | Non-callable leveraged floating-rate notes
|
| Amount: | $20 million
|
| Maturity: | Sept. 30, 2020
|
| Coupon: | 1.75 times Libor, floor of 3% and cap of 8.1%; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | Sept. 27
|
| Settlement date: | Sept. 30
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | None
|
| Cusip: | 1730T0KJ7
|
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