By Angela McDaniels
Tacoma, Wash., Nov. 16 - Citigroup Funding Inc. priced $1.28 million of 0% accelerated return securities due Dec. 18, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 115% of any percentage increase in the index level. Investors will receive par if the index declines by 20% or less and will lose 1% for every 1% that it declines beyond 20%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | Accelerated return securities
|
| Underlying index: | S&P 500
|
| Amount: | $1.28 million
|
| Maturity: | Dec. 18, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 115% of any percentage increase in index level; par if index declines by 20% or less; 1% loss for every 1% that index declines beyond 20%
|
| Initial index level: | 1,251.78
|
| Pricing date: | Nov. 14
|
| Settlement date: | Nov. 17
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2%
|
| Cusip: | 1730T0PP8
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
