By Jennifer Chiou
New York, July 25 - Citigroup Funding Inc. priced $1.48 million of 0% buffer notes due April 25, 2013 linked to a weighted basket of exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket is comprised of the Industrial Select Sector SPDR fund with a 25% weight, the SPDR S&P MidCap 400 ETF Trust with a 30% weight, the iShares Russell 1000 Growth index fund with a 30% weight and the iShares FTSE China 25 index fund with a 15% weight.
If the basket return is positive, the payout at maturity will be par plus 110% of the basket return, subject to a maximum return of 22%.
Investors will receive par if the basket declines by up to 10% and will be exposed to losses beyond 10%.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | Buffer notes
|
| Underlying funds: | Industrial Select Sector SPDR fund (25% weight), SPDR S&P MidCap 400 ETF Trust (30% weight), iShares Russell 1000 Growth index fund (30% weight) and iShares FTSE China 25 index fund (15% weight)
|
| Amount: | $1,484,000
|
| Maturity: | April 25, 2013
|
| Coupon: | 0%
|
| Price: | Par plus 110% of any basket return, capped at 22%; par for losses up to 10% and exposure to losses beyond 10%
|
| Payout at maturity: | Par
|
| Pricing date: | July 21
|
| Settlement date: | July 26
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 0.5%
|
| Cusip: | 1730T0MY2
|
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