New Issue: Citigroup sells $6.95 million six-year 5% fixed-to-floating notes

By Susanna Moon

Chicago, Nov. 22 - Citigroup Funding Inc. priced $6.95 million of non-callable fixed-to-floating notes due Nov. 23, 2016, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be 5% for the first year. After that, the rate will be Libor plus 50 basis points, with a minimum of 1.5% and up to a maximum of 6%. Interest is payable quarterly.

The payout at maturity will be par.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Funding Inc.
Issue:	Non-callable fixed-to-floating notes
Amount:	$6,948,000
Maturity:	Nov. 23, 2016
Coupon:	5% for one year; thereafter, Libor plus 50 bps, floor of 1.5% and cap of 6%; payable quarterly
Price:	Par
Payout at maturity:	Par
Pricing date:	Nov. 9
Settlement date:	Nov. 15
Underwriter:	Citigroup Global Markets Inc.
Fees:	1.25%
Cusip:	1730T0KX6

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