By Angela McDaniels
Tacoma, Wash., May 1 - Citigroup Funding Inc. priced $9.02 million of 7% annualized single observation Equity LinKed Securities due Nov. 21, 2012 linked to the common stock of Halliburton Co., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The payout at maturity will be par of $10 unless the final price of Halliburton shares is less than or equal to 80% of the initial price, in which case the payout will be a number of Halliburton shares equal to $10 divided by the initial share price or, at each holder's option, an amount of cash equal to the value of those shares.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | Single observation Equity LinKed Securities
|
| Underlying stock: | Halliburton Co. (NYSE: HAL)
|
| Amount: | $9,015,000
|
| Maturity: | Nov. 21, 2012
|
| Coupon: | 7%, payable monthly
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par unless final price of Halliburton shares is less than or equal to 80% of initial price, in which case 0.30084 Halliburton shares or cash amount equal to value of those shares
|
| Initial share price: | $33.24
|
| Pricing date: | April 27
|
| Settlement date: | May 2
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.5%
|
| Cusip: | 17318Q871
|
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