New Issue: Citigroup prices $5.91 million jump securities linked to silver

By Angela McDaniels

Tacoma, Wash., Dec. 28 - Citigroup Funding Inc. priced $5.91 million of 0% jump securities due Jan. 26, 2012 linked to silver, according to an FWP filing with the Securities and Exchange Commission.

If the final price of silver is greater than the initial price, the payout at maturity will be par plus 22%. Investors will be exposed to any decline in the price.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Funding Inc.
Issue:	Jump securities
Underlying commodity:	Silver
Amount:	$5,905,000
Maturity:	Jan. 26, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	If final silver price is greater than initial price, par plus 22%; exposure to any decline in silver price
Initial silver price:	2,918 cents
Pricing date:	Dec. 23
Settlement date:	Dec. 29
Underwriter:	Citigroup Global Markets Inc.
Fees:	2%
Cusip:	1730T0LK3

© 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.