New Issue: Citigroup sells $18.73 million three-year index Lasers based on S&P 500

By Susanna Moon

Chicago, Aug. 20 - Citigroup Funding Inc. priced $18.73 million of 0% index Leading Stockmarket Return Securities due Aug. 28, 2013 based on the performance of the S&P 500 index, according to an FWP with the Securities and Exchange Commission.

If the final index level is at or above 75% of the initial level, the payout at maturity will be par of $10 plus any index gain, with a minimum payout of 15%.

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:	S&P 500
	$18.73 million
Maturity:	Aug. 28, 2013
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If final index level is greater than 75% of the initial level, par plus index gain, with floor of 15%; otherwise, par plus index return, with exposure to losses
Initial index level:	1,094.16
Pricing date:	Aug. 18
Settlement date:	Aug. 23
Underwriter:	Citigroup Global Markets Inc.
Fees:	3%
Cusip:	17316G800

© 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.