By Toni Weeks
San Diego, Nov. 28 - Citigroup Funding Inc. priced $3.08 million of 0% Performance Leveraged Upside Securities due Dec. 5, 2012 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any gain in the index, up to a maximum payment of $11.545 per $10 principal amount.
Investors will be fully exposed to any losses.
Citigroup Global Markets Inc. is the agent with Morgan Stanley Smith Barney LLC as distributor
| Issuer: | Citigroup Funding Inc.
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500
|
| Amount: | $3.08 million
|
| Maturity date: | Dec. 5, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus triple any gain in index, up to a maximum of $11.545 per $10 note; full exposure to declines in the index
|
| Initial level: | 1,161.79
|
| Pricing date: | Nov. 23
|
| Settlement date: | Nov. 29
|
| Agent: | Citigroup Global Markets Inc. with Morgan Stanley Smith Barney LLC as distributor
|
| Fees: | 2%, used for selling concessions
|
| Cusip: | 17317U394
|
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