By Jennifer Chiou
New York, March 29 - Citigroup Funding Inc. priced $5.55 million of 0% Index Leading Stockmarket Return Securities due March 28, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index remains above 70% of its initial level throughout the life of the notes, the payout at maturity will be par of $10,000 plus the greater of the index return and 19%.
If the index falls to or below 70% of its initial level, the payout will be par plus the index return, which could be positive or negative.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Funding Inc.
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Issue: | Index Leading Stockmarket Return Securities
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Underlying index: | S&P 500
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Amount: | $5.55 million
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Maturity: | March 28, 2013
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Coupon: | 0%
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Price: | Par of $10,000
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Payout at maturity: | Par plus greater of index return and 19% if index remains above 70% of initial level throughout life of notes; otherwise, par plus index return
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Initial index level: | 1,165.73
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Pricing date: | March 25
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Settlement date: | March 30
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 2%
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