By Angela McDaniels
Tacoma, Wash., May 26 - Citigroup Funding Inc. priced $11.88 million of 12% annualized Equity LinKed Securities due Nov. 24, 2010 linked to the common stock of Yahoo! Inc., according to an FWP filing with the Securities and Exchange Commission.
Interest is payable monthly.
The payout at maturity will be par of $10 unless Yahoo! stock closes at or below 80% of its initial share price on any during the life of the notes, in which case the payout will be a number of Yahoo! shares equal to $10 divided by the initial share price or, at each holder's option, a cash amount equal to the value of those shares.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | Equity LinKed Securities
|
| Underlying stock: | Yahoo! Inc. (Nasdaq: YHOO)
|
| Amount: | $11.88 million
|
| Maturity: | Nov. 24, 2010
|
| Coupon: | 12%, payable monthly
|
| Price: | Par of $10.00
|
| Payout at maturity: | If Yahoo! stock closes at or below downside threshold price during life of notes, 0.6435 Yahoo! shares or value thereof in cash; otherwise, par
|
| Initial share price: | $15.54
|
| Downside threshold price: | $12.432, 80% of initial price
|
| Pricing date: | May 24
|
| Settlement date: | May 27
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.5%
|
| Cusip: | 17314V296
|
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