By Marisa Wong
Madison, Wis., Aug. 15 - Citigroup Funding Inc. priced $11.2 million of floating-rate notes due Sept. 23, 2013 linked to the Dow Jones-UBS Precious Metals Total Return sub-index, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is one-month Libor minus 35 basis points. Interest is payable monthly.
The payout at maturity will be par plus triple the sum of the index return minus the Treasury bill amount minus a fee of 0.2% 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 in whole at any time, 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: | Floating-rate notes
|
| Underlying index: | Dow Jones-UBS Precious Metals Total Return
|
| Amount: | $11.2 million
|
| Maturity: | Sept. 23, 2013
|
| Coupon: | One-month Libor minus 35 bps, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par plus triple the sum of the index return minus the T-bill amount less a fee of 0.2% per year
|
| Put option: | At any time in whole
|
| Call: | Automatically if index closes at or below 85% of initial level
|
| Initial index level: | 488.2051
|
| Pricing date: | Aug. 13
|
| Settlement date: | Aug. 20
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | None
|
| Cusip: | 1730T0YM5
|
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