By Angela McDaniels
Tacoma, Wash., Nov. 30 - Citigroup Funding Inc. priced $21.19 million of 0% Index Leading Stockmarket Return Securities due Dec. 6, 2012 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index remains above 60% of its initial level throughout the life of the notes, the payout at maturity will be par of $10 plus the greater of the index return and 12%.
If the index falls to or below 60% of its initial level, the payout will be par plus the index return, which could be positive or negative.
The notes have been approved for listing on the NYSA Arca under the symbol "IFO."
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | Index Leading Stockmarket Return Securities
|
| Underlying index: | S&P 500
|
| Amount: | $21.19 million
|
| Maturity: | Dec. 6, 2012
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus greater of index return and 12% if index remains above 60% of initial level throughout life of notes; otherwise, par plus index return
|
| Initial index level: | 1,106.24
|
| Pricing date: | Nov. 23
|
| Settlement date: | Nov. 27
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2.25%
|
| Listing: | NYSE Arca: IFO
|
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