By Angela McDaniels
Tacoma, Wash., Aug. 29 - Citigroup Funding Inc. priced $6.31 million of 0.5% market-linked notes due Feb. 24, 2017 linked to the Dow Jones Industrial Average, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable semiannually.
The index return will equal the average of the percentage changes in the closing value of the index from the pricing date to each of 22 quarterly valuation dates.
The payout at maturity will be par plus 110% of the index return, subject to a minimum payout of par.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | Market-linked notes
|
| Underlying index: | Dow Jones Industrial Average
|
| Amount: | $6.31 million
|
| Maturity: | Feb. 24, 2017
|
| Coupon: | 0.5%, payable semiannually
|
| Price: | Par
|
| Payout at maturity: | Par plus 110% of index return, subject to floor of par; index return equals average of percentage change in closing value of index from pricing date to each of 22 quarterly valuation dates
|
| Initial index level: | 11,284.54
|
| Pricing date: | Aug. 25
|
| Settlement date: | Aug. 30
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 3.5%
|
| Cusip: | 1730T0NH8
|
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