By Angela McDaniels
Tacoma, Wash., July 7 - Citigroup Funding Inc. priced $3 million of 0% Performance Leveraged Upside Securities due July 6, 2012 linked to the Euro Stoxx 50 index and the euro, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be a) par of $10 plus 140% of any index gain or 100% of any index decline b) multiplied by the quotient of the final dollar/euro exchange rate divided by the initial exchange rate.
The issuer noted that regardless of the final index level, a weakening of the euro relative to the dollar (resulting in a final exchange rate less than the initial exchange rate) may result in the payout at maturity being less than par. Conversely, any strengthening of the euro relative to the dollar may be offset by a negative performance of the index.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlyings: | Euro Stoxx 50 index and euro
|
| Amount: | $3 million
|
| Maturity: | July 6, 2012
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Product of a) par plus 140% of any index gain or 100% of any index decline b) multiplied by the quotient of the final dollar/euro exchange rate divided by the initial exchange rate
|
| Initial levels: | 2,522.36 for Euro Stoxx 50; 1.2548 dollars per euro
|
| Pricing date: | July 2
|
| Settlement date: | July 8
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.125%
|
| Cusip: | 17314V163
|
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