By Susanna Moon
Chicago, Feb. 1 - Citigroup Funding Inc. priced $10.02 million of 0% buffered Performance Leveraged Upside Securities due Jan. 29, 2015 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 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 each 1% drop beyond the 10% buffer.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500
|
| Amount: | $10.02 million
|
| Maturity date: | Jan. 29, 2015
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus 200% of any index gain, return capped at 15%; par for losses up to 10%; share in any losses beyond 10%
|
| Initial level: | 1,501.96
|
| Pricing date: | Jan. 30
|
| Settlement date: | Feb. 4
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2.25%
|
| Cusip: | 17318Q327
|
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