By Susanna Moon
Chicago, Oct. 13 - Citigroup Funding Inc. priced $43.7 million of medium-term notes due Oct. 19, 2011 based on the Dow Jones-UBS ExEnergy 3 Month Forward Total Return Sub-Index, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will be equal to one-month Libor minus 20 basis points, payable monthly.
The notes are putable at any time and, if the index falls to or below 50% of its initial level, the notes will be called.
The payout at maturity or early redemption will be par plus any index gain minus the hypothetical interest accrued on the 13-week U.S. Treasury bills from but excluding the pricing date to but including that index business day and a 0.45% annual fee.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | Medium term notes
|
| Underlying index: | Dow Jones-UBS ExEnergy 3 Month Forward Total Return Sub-Index
|
| Amount: | $43.7 million
|
| Maturity: | Oct. 19, 2011
|
| Coupon: | One-month Libor minus 20 bps; payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain minus the hypothetical interest accrued on the 13-week U.S. Treasury bills from but excluding the pricing date to but including that index business day and a 0.45% annual fee
|
| Call: | Automatically if index falls to or below 50% of initial level; redemption amount calculated in same manner as payout at maturity
|
| Put option: | At any time; redemption amount calculated in same manner as payout at maturity
|
| Pricing date: | Oct. 11
|
| Settlement date: | Oct. 18
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | None
|
| Cusip: | 1730T0KP3
|
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