By Susanna Moon
Chicago, Jan. 26 - Citigroup Funding Inc. priced $4.91 million of 0% Index LeAding StockmarkEt Return Securities due Jan. 29, 2013 based on the performance of the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index never falls below 60% of its initial level during the life of the notes, the payout at maturity will be par of $10 plus the greater of the index return and 11%.
If the index falls by more than 40% at any point, the payout will be par plus the index return.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | Index LeAding StockmarkEt Return Securities
|
| Underlying index: | Russell 2000 index
|
| Amount: | $4.91 million
|
| Maturity: | Jan. 29, 2013
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index never falls by more than 40%, par plus greater of index return and 11%; otherwise, par plus index return
|
| Initial index level: | 618.11
|
| Pricing date: | Jan. 25
|
| Settlement date: | Jan. 28
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 3%
|
| Cusip: | 17314V775
|
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