By Susanna Moon
Chicago, Nov. 23 - Citigroup Funding Inc. priced $5.74 million of 0% buffered Performance Leveraged Upside Securities due May 29, 2013 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus double any index gain, up to a maximum return of $12.00 per note.
Investors will receive par for losses up to 10% and will share in any losses beyond the 10% buffer.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500
|
| Amount: | $5.74 million
|
| Maturity date: | May 29, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain, return capped at 20%; par for losses up to 10%; share in any losses beyond 10%
|
| Initial level: | 1,188.04
|
| Pricing date: | Nov. 22
|
| Settlement date: | Nov. 28
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2%
|
| Cusip: | 17317U527
|
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