By Angela McDaniels
Tacoma, Wash., April 4 - Citigroup Funding Inc. priced $10 million of 5.1% annualized synthetic buy-write notes due Oct. 5, 2011 linked to the common stock of Ford Motor Co., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The face amount of each note is $14.77, which is equal to the initial price of Ford stock.
The payout at maturity will be a cash amount equal to the final price of Ford stock. The payout will be subject to a cap of $17.724, which is 120% of initial share price.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | Synthetic buy-write notes
|
| Underlying stock: | Ford Motor Co. (Symbol: F)
|
| Amount: | $10,000,013.73
|
| Maturity date: | Oct. 5, 2011
|
| Coupon: | 5.1%, payable quarterly
|
| Price: | Par of $14.77
|
| Payout at maturity: | Cash amount equal to lesser of final price of Ford stock and cap price
|
| Initial share price | $14.77
|
| Cap price: | $17.724, 120% of initial share price
|
| Pricing date: | March 31
|
| Settlement date: | April 5
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | None
|
| Cusip: | 17316G156
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
