By Toni Weeks
San Diego, Aug. 1 - Citigroup Funding Inc. priced $17.07 million of 11.5% annualized single observation Equity LinKed Securities due Feb. 21, 2013 linked to the common stock of Las Vegas Sands 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 in cash unless the final price of Las Vegas Sands shares is less than 80% of the initial share price, in which case the payout will be a number of shares of Las Vegas Sands stock equal to $10 divided by the initial share price or, at each holder's option, a cash amount 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: | Las Vegas Sands Co. (NYSE: LVS)
|
| Amount: | $17.07 million
|
| Maturity: | Feb. 21, 2013
|
| Coupon: | 11.5%, payable monthly
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par in cash unless Las Vegas Sands shares finish below downside threshold price, in which case 0.26638 shares of Las Vegas Sands stock or equivalent amount in cash
|
| Initial share price: | $37.54
|
| Downside threshold price: | $30.032, 80% of initial share price
|
| Pricing date: | July 30
|
| Settlement date: | Aug. 2
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.5%
|
| Cusip: | 17318Q715
|
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