By Angela McDaniels
Tacoma, Wash., Sept. 26 - Citigroup Funding Inc. priced $3.03 million of 0% barrier digital securities due Sept. 29, 2014 linked to the SPDR Gold Trust, according to a 424B2 filing with the Securities and Exchange Commission.
If the ending share price is greater than the starting share price, the payout at maturity will be par plus 18%.
If the ending share price is less than or equal to the starting share price but greater than the barrier price, the payout will be par. The barrier price is 85% of the starting share price.
If the ending share price is less than or equal to the barrier price, investors will be fully exposed to the decline of the share price from the starting share price.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | Barrier digital securities
|
| Underlying trust: | SPDR Gold Trust
|
| Amount: | $3,028,000
|
| Maturity: | Sept. 29, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ending share price is greater than starting share price, par plus 18%; if ending share price is less than or equal to starting share price but greater than barrier price, par; if ending share price is less than or equal to barrier price, full exposure to decline of share price
|
| Starting share price: | $171.08
|
| Barrier price: | $145.418, 85% of initial share price
|
| Pricing date: | Sept. 24
|
| Settlement date: | Sept. 27
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2.25%
|
| Cusip: | 1730T0YS2
|
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