By Marisa Wong
Madison, Wis., Oct. 26 - Citigroup Funding Inc. priced $6.43 million of 0% trigger Performance Leveraged Upside Securities due Oct. 29, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 124% of the index return.
Investors will receive par if the index falls by up to 35% and will be fully exposed to losses from the initial level if the index falls by 35% or more.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500
|
| Amount: | $6.43 million
|
| Maturity date: | Oct. 29, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus 124% of gain; par if index falls by up to 35%; full exposure to losses from initial level if index falls by 35% or more
|
| Initial level: | 1,229.05
|
| Trigger value: | 65% of initial value
|
| Pricing date: | Oct. 25
|
| Settlement date: | Oct. 28
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 3%
|
| Cusip: | 17317U550
|
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