By Angela McDaniels
Seattle, Aug. 21 - Citigroup Funding Inc. priced $18 million of 1.08% notes due Aug. 31, 2012 linked to the common stock of Stryker Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable semiannually.
The notes are exchangeable at the holder's option beginning Sept. 24. Upon exchange, investors will receive the cash value of 11.5914 shares of Stryker common stock. At the pricing date, the cash value of 11.5914 Stryker shares was $769.2285.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | Medium-term notes, series D
|
| Underlying stock: | Stryker Corp. (NYSE: SYK)
|
| Amount: | $18 million
|
| Maturity: | Aug. 31, 2012
|
| Coupon: | 1.08%, payable semiannually
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Exchange right: | Beginning Sept. 24; investors will receive the cash value of 11.5914 Stryker shares
|
| Initial share price: | $66.362
|
| Pricing date: | Aug. 17
|
| Settlement date: | Aug. 24
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | None
|
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