New Issue: Citigroup prices $10.61 million Lasers linked to Russell 2000

By Susanna Moon

Chicago, Dec. 19 - Citigroup Funding Inc. priced $10.61 million of 0% Index Leading Stockmarket Return Securities due Dec. 19, 2013 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index never closes below 70% of its initial level during the life of the notes, the payout at maturity will be par plus the greater of the index return and a fixed percentage of 38%.

Otherwise, the payout will be par plus the index return with exposure to losses.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Funding Inc.
Issue:	Index Leading Stockmarket Return Securities
Underlying index:	Russell 2000
Amount:	$10,612,000
Maturity:	Dec. 19, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	If index never falls by 30%, par plus any index gain, capped at 38%; otherwise par plus index return
Initial level:	722.05
Pricing date:	Dec. 16
Settlement date:	Dec. 21
Agent:	Citigroup Global Markets Inc. Inc.
Fees:	1%
Cusip:	1730T0QX0

© 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.