By Marisa Wong
Madison, Wis., Feb. 22 - Citigroup Funding Inc. priced $8.05 million of 0% buffered performance securities due Feb. 21, 2014 linked to the S&P 100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus the index return if the final index level is greater than or equal to 90% of the initial level.
If the final index level is at least 70% of the initial level but less than 90% of the initial level, the payout will be $9 per note.
If the final index level is less than 70% of the initial level, the payout will be par plus the index return plus $2.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | Buffered performance securities
|
| Underlying index: | S&P 100
|
| Amount: | $8,052,000
|
| Maturity: | Feb. 21, 2014
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus index return if final level is at least 90% of initial level; $9 per note if final level is at least 70% of initial level but less than 90% of initial level; par plus return plus $2 if final level is less than 70% of initial level
|
| Initial level: | 601.32
|
| Pricing date: | Feb. 17
|
| Settlement date: | Feb. 23
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 2.5%
|
| Cusip: | 17316G354
|
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