By Susanna Moon
Chicago, Sept. 26 - Citigroup Funding Inc. priced $3.54 million of 0% buffered digital return notes due March 27, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains, the payout at maturity will be par plus the digital return of 19%.
Investors will receive par if the index falls by up to 30% and will lose 1% for every 1% decline from the initial level if the index falls more than 30%.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | Buffered digital return notes
|
| Underlying index: | S&P 500
|
| Amount: | $3.54 million
|
| Maturity: | March 27, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains, par plus 19%; par if index falls by 30% or less; full exposure to losses from initial level if index falls by more than 30%
|
| Pricing date: | Sept. 22
|
| Settlement date: | Sept. 27
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 1.5%
|
| Cusip: | 1730T0NY1
|
© 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.
