Published on 7/27/2011 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $3.61 million 0% jump securities linked to S&P GSCI Grains index
By Toni Weeks
San Diego, July 27 - Citigroup Funding Inc. priced $3.61 million of 0% jump securities due Jan. 25, 2013 linked to the S&P GSCI Grains Index Excess Return, according to an FWP filing with the Securities and Exchange Commission.
If the final price is greater than the initial price, the payout at maturity will be par plus an upside payment of 30%. Investors will be exposed to any decline.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Funding Inc.
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Issue: | Jump securities
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Underlying index: | S&P GSCI Grains Index Excess Return
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Amount: | $3,611,000
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Maturity: | Jan. 25, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final price is greater than initial price, par plus 30% upside payment; exposure to losses
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Initial level: | 47.37
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Pricing date: | July 26
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Settlement date: | July 29
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Agent: | Citigroup Global Markets Inc.
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Fees: | 1.2%
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Cusip: | 1730T0MW6
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