By Susanna Moon
Chicago, Nov. 28 - Citigroup Funding Inc. priced $2.83 million of 0% buffered digital plus securities due June 1, 2016 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be par plus the greater of fixed return of 25% and the index return up to a maximum return of 50%.
Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | Buffered digital plus securities
|
| Underlying index: | Russell 2000
|
| Amount: | $2.83 million
|
| Maturity: | June 1, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains, par plus return, floor of 25% and capped at 50%; par if index falls by 10% or less; 1% loss per 1% drop beyond 10%
|
| Initial index level: | 809.02
|
| Pricing date: | Nov. 26
|
| Settlement date: | Nov. 29
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 3%
|
| Cusip: | 1730T0ZG7
|
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