By Angela McDaniels
Tacoma, Wash., Nov. 17 - Citigroup Funding Inc. priced $28 million of notes due Dec. 22, 2011 linked to the Dow Jones - UBS Commodity Index Total Return, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon is equal to Libor and is payable at maturity.
The payout at maturity will be par plus triple the sum of the index return minus the Treasury bill amount minus a fee of 0.33% per year. The Treasury bill amount is the hypothetical interest accrued on 13-week U.S. Treasury bills from the pricing date through the final valuation date.
The notes are putable if requested by all holders, and they will be called if the index closes at or below 85% of its initial level. The payout will be calculated in the same way as at maturity.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | Notes
|
| Underlying index: | Dow Jones - UBS Commodity Index Total Return
|
| Amount: | $28 million
|
| Maturity: | Dec. 22, 2011
|
| Coupon: | Libor, payable at maturity
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of sum of index return minus T-bill amount less fee of 0.33% per year
|
| Initial index level: | 299.0496
|
| Put option: | At any time if requested by all holders
|
| Call: | Automatically if index closes at or below 85% of initial level
|
| Pricing date: | Nov. 15
|
| Settlement date: | Nov. 22
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | None
|
| Cusip: | 1730T0KN8
|
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