By Marisa Wong
Madison, Wis., April 3 - Citigroup Funding Inc. priced $10 million of 0% buffered digital plus notes due April 2, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial level, the payout at maturity will be par plus the greater of the index return and 21%. Investors will receive par if the index declines by 15% or less and will lose 1% for every 1% that it declines beyond 15%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | Buffered digital plus notes
|
| Underlying index: | S&P 500
|
| Amount: | $10 million
|
| Maturity: | April 2, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 21% if final index level is greater than initial level; par if index declines by 15% or less; 1% loss for every 1% that index declines beyond 15%
|
| Initial index level: | 1,408.47
|
| Pricing date: | March 30
|
| Settlement date: | April 4
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.5%
|
| Cusip: | 1730T0WT2
|
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