Published on 6/13/2005 in the Prospect News Convertibles Daily.
New Issue: Citigroup prices $6.25 million 1% notes linked to technology stocks
New York, June 13 - Citigroup Funding Inc. issued $6.25 million of five-year 1% medium-term notes linked to a basket of technology stocks, according to a 424B3 filing with the Securities and Exchange Commission.
Underlying the notes is a basket of Dell Inc., Intel Corp., Microsoft Corp., Cisco Systems, Inc. and Oracle Corp. stock, each equally weighted.
The notes are exchangeable at any time into the cash value of the stocks.
If not exchanged or called, the notes will be redeemed at par at maturity.
Issuer: | Citigroup Funding Inc.
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Issue: | Exchangeable medium-term notes
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Underlying stocks: | Dell Inc., Intel Corp., Microsoft Corp., Cisco Systems, Inc., Oracle Corp. (equally weighted - 0.4990 Dell, 0.7319 Intel, 0.7867 Microsoft, 1.0270 Cisco, 1.5853 Oracle shares per basket)
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Amount: | $6.25 million
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Maturity: | June 14, 2010
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Coupon: | 1%
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Price: | Par
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Exchange ratio: | 8.7719 baskets of shares at any time, in cash
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Call: | June 3, 2007 onwards for 8.7719 baskets, in cash, floor of par
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Payout at maturity: | Par in cash
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Pricing date: | June 3
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Settlement date: | June 14
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Underwriter: | Citigroup
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