By Toni Weeks
San Diego, Sept. 27 - Citigroup Funding Inc. priced $16.4 million of 0% buffered jump securities due March 27, 2015 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 the greater of the index return and 45%.
Investors will receive par if the index declines by up to 10% and will lose 1% for every 1% drop beyond 10%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | Buffered jump securities
|
| Underlying index: | S&P 500
|
| Amount: | $16.4 million
|
| Maturity: | March 27, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus greater of index return and 45%; par if index declines up to 10%; 1% loss for every 1% drop beyond 10%
|
| Initial level: | 1,162.95
|
| Pricing date: | Sept. 26
|
| Settlement date: | Sept. 29
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2.25%, used for selling concessions
|
| Cusip: | 17317U659
|
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