By Angela McDaniels
Tacoma, Wash., Aug. 26 - Citigroup Funding Inc. priced $62.21 million of 0% contingent absolute return principal-protected notes due Sept. 7, 2010 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index remains within the specified range throughout the life of the notes, the payout at maturity will be par of $10 plus the absolute value of the index return. Otherwise, the payout will be par.
The lower boundary of the range is 20% below the initial index level, and the upper boundary is 34.5% above the initial level.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | Contingent absolute return principal-protected notes
|
| Underlying index: | S&P MidCap 400
|
| Amount: | $62.21 million
|
| Maturity: | Sept. 7, 2010
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus absolute value of index return if index closes at or above lower boundary and at or below upper boundary on each day during life of notes; otherwise, par
|
| Initial index level: | 814.92
|
| Lower boundary: | 651.94, 80% of initial level
|
| Upper boundary: | 1,096.07, 134.5% of initial level
|
| Pricing date: | Aug. 22
|
| Settlement date: | Aug. 27
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2.25%
|
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