By Angela McDaniels
Tacoma, Wash., Feb. 25 - Citigroup Funding Inc. priced $32.27 million of 3% minimum coupon principal-protected notes due March 10, 2014 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable in March of each year. If the index return is more than 3% and the index does not close above its initial level by more than 37% during the interest period, then the coupon for that period will equal the index return. In all other cases, the coupon will be 3%.
For each interest period, the initial index level will equal the closing value of the index on the first business day of that interest period.
The payout at maturity will be par of $10.
The notes have been approved for listing on NYSE Arca under the symbol "MOU."
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | 3% minimum coupon principal-protected notes
|
| Underlying index: | Russell 2000
|
| Amount: | $32.27 million
|
| Maturity: | March 10, 2014
|
| Coupon: | If index return is more than 3% and index does not close above initial level by more than 37%, an amount equal to the index return; in all other cases, 3%; payable annually
|
| Price: | Par of $10
|
| Payout at maturity: | Par
|
| Initial index level: | 394.58
|
| Pricing date: | Feb. 23
|
| Settlement date: | Feb. 26
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 3.25%
|
| Listing: | NYSE Arca: MOU
|
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