By Susanna Moon
Chicago, Jan. 31 - Citigroup Funding Inc. priced $10.46 million of 0% buffered Performance Leveraged Upside Securities due Jan. 30, 2014 linked to the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10.00 plus double any gain in the ETF, up to a maximum payment of $14.50 per note.
Investors will receive par if the ETF falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying fund: | Market Vectors Gold Miners exchange-traded fund
|
| Amount: | $10,464,620
|
| Maturity: | Jan. 30, 2014
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus 200% of any ETF gain, capped at 45%; par if ETF falls by 10% or less; 1% loss per 1% drop beyond 10%
|
| Initial share price: | $57.14
|
| Pricing date: | Jan. 27
|
| Settlement date: | Jan. 31
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2.25%
|
| Cusip: | 17317U253
|
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