By Jennifer Chiou
New York, Dec. 4 - Citigroup Funding Inc. priced $4.25 million of 0% buffered Performance Leveraged Upside Securities due Dec. 4, 2014 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par of $10.00 plus double any index gain, up to a maximum return of 15%.
Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500
|
| Amount: | $4.25 million
|
| Maturity: | Dec. 4, 2014
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus 200% of any index gain, capped at 15%; par if index falls by 10% or less; 1% loss per 1% drop beyond 10%
|
| Initial index level: | 1,415.95
|
| Buffer level: | 90% of initial level
|
| Pricing date: | Nov. 29
|
| Settlement date: | Dec. 4
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 2.25%
|
| Cusip: | 17318Q442
|
© 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.
