By Jennifer Chiou
New York, Nov. 16 - Citigroup Funding Inc. priced $2.89 million of 0% market-linked notes due Nov. 12, 2015 linked to the value of the best performing of three global equity baskets, according to an FWP with the Securities and Exchange Commission.
Each basket comprises the S&P 500 index, the iShares MSCI EAFE index fund and the iShares MSCI Emerging Markets index fund. In each basket, one component will have a weight of 80% and the other two components will be weighted 10% each.
The notes priced at 103.5 for total proceeds of $2,987,672.40.
The payout at maturity will be par plus the return of the best-performing basket, which could be positive or negative.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | Market-linked notes
|
| Underlying assets: | S&P 500 index, iShares MSCI EAFE index fund and iShares MSCI Emerging Markets index fund; three baskets, each with one component at a weight of 80% and the other two components weighted 10% each
|
| Amount: | $2,886,640
|
| Maturity: | Nov. 12, 2015
|
| Coupon: | 0%
|
| Price: | 103.5
|
| Payout at maturity: | Par plus return of best-performing basket
|
| Pricing date: | Nov. 12
|
| Settlement date: | Nov. 17
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 3.5%
|
| Cusip: | 17316G644
|
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