Published on 2/14/2006 in the Prospect News Convertibles Daily.
New Issue: Citigroup prices $25 million 0% notes linked to FPL Group
New York, Feb. 14 - Citigroup Funding Inc. priced $25 million 0% principal-protected notes due Feb. 16, 2010 linked to FPL Group, Inc. stock, according to a 424B3 filing with the Securities and Exchange Commission.
Issuer: | Citigroup Funding Inc.
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Issue: | Principal-protected equity-linked medium-term notes, series A
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Underlying stock: | FPL Group, Inc.
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Amount: | $25 million
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Maturity: | Feb. 16, 2010
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Interest: | 0%
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Price: | Par
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Payout at maturity: | 24.05 shares of FPL Group stock, in cash or stock, if FPL Group stock closes at or above exchange price of $41.58 on fifth trading day before maturity, otherwise par in cash
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Initial stock price: | $42.212
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Exchange premium: | -1.5%
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Exchange price: | $41.58, 98.5% of initial price
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Pricing date: | Feb. 10
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Settlement date: | Feb. 17
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Underwriter: | Citigroup Global Markets Inc.
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