By Marisa Wong
Madison, Wis., June 3 - Citigroup Funding Inc. priced $1.38 million of 0% digital securities due June 4, 2015 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the final fund share price is greater than or equal to the initial price, the payout at maturity will be par plus a fixed return of 18%.
Investors will share in any losses.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | Digital securities
|
| Underlying fund: | Financial Select Sector SPDR fund
|
| Amount: | $1.38 million
|
| Maturity: | June 4, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final fund share price is greater than or equal to initial price, par plus 18%; investors will share in any losses
|
| Initial price: | $20.17
|
| Pricing date: | May 30
|
| Settlement date: | June 4
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2%
|
| Cusip: | 1730T0TD1
|
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