By Laura Lutz
Des Moines, Nov. 27 - Citigroup Funding Inc. priced $10 million of callable Libor range accrual notes due Nov. 29, 2022, according to 424B2 filing with the Securities and Exchange Commission.
The notes will bear interest at 8% times the proportion of days that the six-month Libor is at least 0% and no more than 7%.
Interest will be payable quarterly.
The notes will be callable, in whole but not in part, on any interest payment date beginning on May 29, 2008.
If the notes are not called early, the payout at maturity will be par.
Citigroup Inc. is the underwriter.
Issuer: | Citigroup Funding Inc.
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Issue: | Callable Libor range accrual notes
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Amount: | $10 million
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Maturity: | Nov. 29, 2022
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Coupon: | 8% times proportion of days that six-month Libor is at least 0% and no more than 7%
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Price: | Par
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Payout at maturity: | Par plus accrued interest
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Call: | At par on any interest payment date beginning on May 29, 2008
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Pricing date: | Nov. 26
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Settlement date: | Nov. 29
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Underwriter: | Citigroup Inc.
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Fees: | None
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