By Susanna Moon
Chicago, June 1 - Citigroup Funding Inc. priced $33.59 million of 0% buffered Performance Leveraged Upside Securities due May 29, 2014 linked to the S&P 100 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 1.25 times any index gain, up to a maximum return of 28%.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% drop beyond the 10% buffer.
Citigroup Global Markets Inc. is the underwriter with Morgan Stanley Smith Barney LLC as dealer.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying index: | S&P 100
|
| Amount: | $33.59 million
|
| Maturity date: | May 29, 2014
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus 125% of any index gain, return capped at 28%; par for losses up to 10%; share in any losses beyond 10%
|
| Initial level: | 598.17
|
| Pricing date: | May 30
|
| Settlement date: | June 4
|
| Underwriter: | Citigroup Global Markets Inc. with Morgan Stanley Smith Barney LLC as dealer
|
| Fees: | 2%
|
| Cusip: | 17318Q798
|
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