Published on 8/30/2011 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $4.5 million 0% notes linked to Dow Industrials
By Jennifer Chiou
New York, Aug. 30 - Citigroup Funding Inc. priced $4.5 million of 0% market-linked notes partial principal at risk due Nov. 23, 2016 linked to the Dow Jones Industrial Average, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus the index return, subject to a minimum payout of 90% of par.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | Market-linked partial principal at risk notes
|
| Underlying index: | Dow Jones Industrial Average
|
| Amount: | $4.5 million
|
| Maturity: | Nov. 23, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus index return, subject to floor of 90% of par
|
| Initial index level: | 11,149.82
|
| Pricing date: | Aug. 25
|
| Settlement date: | Aug. 30
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 3.5%
|
| Cusip: | 17317U717
|
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