New Issue: Citigroup prices $25 million principal-protected notes linked to four Asian currencies

By Angela McDaniels

Tacoma, Wash., Feb. 27 - Citigroup Funding Inc. priced $25 million of zero-coupon principal-protected notes due Feb. 28, 2010 linked to a basket of currencies, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes equal weights of the Indian rupee, Indonesian rupiah, Singapore dollar and South Korean won.

The payout at maturity will be par plus 160% of any appreciation in the basket relative to the U.S. dollar. Investors will receive at least par.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Funding Inc.
Issue:	Principal-protected notes
Underlying currencies:	Indian rupee, Indonesian rupiah, Singapore dollar and South Korean won, equally weighted
Amount:	$25 million
Maturity:	Feb. 28, 2010
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 160% of any basket appreciation versus the U.S. dollar; floor of par
Initial exchange rates:	40.05 rupees per U.S. dollar; 9,172 rupiah per U.S. dollar; 1.4054 Singapore dollars per U.S. dollar; 947.4 won per U.S. dollar
Pricing date:	Feb. 25
Settlement date:	Feb. 28
Underwriter:	Citigroup Global Markets Inc.
Fees:	None

© 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.