By Angela McDaniels
Tacoma, Wash., Sept. 28 - Citigroup Funding Inc. priced $30.58 million of 0% Index Leading Stockmarket Return Securities due Sept. 26, 2013 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the final index level is greater than 75% of the initial level, the payout at maturity will be par of $10plus the greater of the index return and 13%.
If the final index level is 75% of the initial level or less, investors will be fully exposed to the decline.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | Index Leading Stockmarket Return Securities
|
| Underlying index: | S&P 500
|
| Amount: | $30.58 million
|
| Maturity: | Sept. 26, 2013
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus greater of index return and 13% if index finishes above 75% of initial level; otherwise, par plus index return
|
| Initial index level: | 1,148.67
|
| Pricing date: | Sept. 24
|
| Settlement date: | Sept. 29
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 3%
|
| Cusip: | 17316G875
|
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