By Susanna Moon
Chicago, Dec. 3 - Citigroup Funding Inc. priced $5.23 million of 7.1% annualized single observation Equity LinKed Securities due May 30, 2013 linked to Halliburton Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The payout at maturity will be par of $10 unless the final price of Halliburton shares is at or below the 80% trigger level, in which case the payout will be a number of Halliburton shares equal to $10 divided by the initial share price or, at each holder's option, the cash equivalent.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | Single observation Equity LinKed Securities
|
| Underlying stock: | Halliburton Co. (NYSE: HAL)
|
| Amount: | $5.23 million
|
| Maturity: | May 30, 2013
|
| Coupon: | 7.1%, payable monthly
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par unless final price of Halliburton shares is at or below trigger level, in which case 0.30377 Halliburton shares or cash amount equal to value of those shares
|
| Initial share price: | $32.92
|
| Trigger level: | $26.336, 80% of initial share price
|
| Pricing date: | Nov. 29
|
| Settlement date: | Dec. 4
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.5%
|
| Cusip: | 17318Q384
|
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