By Toni Weeks
San Diego, June 17 - Citigroup Funding Inc. priced $10 million of noncallable floating-rate notes due June 20, 2021 linked to the Consumer Price Index, 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 the year-over-year change in the Consumer Price Index plus 150 basis points, up to a maximum rate of 7%. Interest is payable monthly and cannot be less than zero.
The payout at maturity will be par.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | Noncallable floating-rate notes
|
| Underlying index: | Consumer Price Index
|
| Amount: | $10 million
|
| Maturity: | June 20, 2021
|
| Coupon: | 5% for first year; beginning June 20, 2012, year-over-year change in Consumer Price Index plus 150 bps, capped at 7%; payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | June 15
|
| Settlement date: | June 20
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2.25%
|
| Cusip: | 06048WGF1
|
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