By Angela McDaniels
Tacoma, Wash., May 29 - Citigroup Funding Inc. priced $2.93 million of 0.5% market-linked notes due June 7, 2018 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable semiannually.
The average index return will be the average of the percentage changes in the index's closing level from the pricing date to each of the 24 quarterly valuation dates during the life of the notes.
If the average index return is positive, the payout at maturity will be par plus 115% of the average index return.
If the average index return is zero or negative, the payout will be par.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | Market-linked notes
|
| Underlying index: | Dow Jones industrial average
|
| Amount: | $2,932,000
|
| Maturity: | June 7, 2018
|
| Coupon: | 0.5%, payable semiannually
|
| Price: | Par
|
| Payout at maturity: | If average index return is positive, be par plus 115% of average index return; if average index return is zero or negative, par
|
| Initial index level: | 12,529.75
|
| Average index return: | Average of percentage changes in closing index level from pricing date to each quarterly valuation date during life of notes; valuation dates fall on Feb. 24, May 24, Aug. 24 and Nov. 24 of each year
|
| Pricing date: | May 24
|
| Settlement date: | May 30
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 3.5%
|
| Cusip: | 1730T0XG9
|
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