Published on 3/25/2010 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $2.38 million jump securities linked to S&P 500
By Angela McDaniels
Tacoma, Wash., March 25 - Citigroup Funding Inc. priced $2.38 million of 0% jump securities due March 28, 2012 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus 19%. Investors will be exposed to any index decline.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | Jump securities
|
| Underlying index: | S&P 500
|
| Amount: | $2,382,600
|
| Maturity: | March 28, 2012
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 19% if final index level is greater than initial index level; exposure to any index decline
|
| Initial index level: | 1,174.17
|
| Pricing date: | March 23
|
| Settlement date: | March 26
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2.25%
|
| Cusip: | 17314V437
|
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