By Jennifer Chiou
New York, April 26 - Citigroup Funding Inc. priced $7 million of 20.5% annualized Equity LinKed Securities due Oct. 30, 2012 linked to the common stock of Green Mountain Coffee Roasters, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The payout at maturity will be par of $10 in cash unless the final price of Green Mountain Coffee shares is less than 60% of the initial price, in which case the payout will be a number Green Mountain Coffee shares equal to $10 divided by the initial share price.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | Equity LinKed Securities
|
| Underlying stock: | Green Mountain Coffee Roasters, Inc. (Nasdaq: GMCR)
|
| Amount: | $7 million
|
| Maturity: | Oct. 30, 2012
|
| Coupon: | 20.5%, payable monthly
|
| Price: | Par of $10
|
| Payout at maturity: | Par unless final price of Green Mountain Coffee shares is less than 60% of initial price, in which case 0.21645 Green Mountain Coffee shares
|
| Initial share price: | $46.20
|
| Threshold price: | $27.72, 60% of initial price
|
| Pricing date: | April 25
|
| Settlement date: | April 30
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.2%
|
| Cusip: | 17318Q863
|
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