New Issue: Citigroup prices $17 million notes linked to aluminum

By Jennifer Chiou

New York, Feb. 21 - Citigroup Funding Inc. priced $17 million of 4.45% notes due May 22, 2008 linked to the aluminum 15-month forward contract price and cash settlement price, according to a 424B8 filing with the Securities and Exchange Commission.

The payout at maturity will be a cash payment of the cash settlement price of aluminum on May 19, 2008, the valuation date, divided by the present forward contract price. Investors will share in losses.

Issuer:	Citigroup Funding Inc.
Issue:	Medium-term notes
Underlying contract:	15-month forward contract price and settlement price of aluminum
Amount:	$17 million
Maturity:	May 22, 2008
Coupon:	4.45%, payable quarterly
Price:	Par
Payout at maturity:	The cash settlement price of aluminum on May 19, 2008, the valuation date, divided by the present forward contract price; investors share in losses
Initial contract price:	$2,614.00
Pricing date:	Feb. 15
Settlement date:	Feb. 22
Underwriter:	Citigroup Global Markets Inc.
Underwriting discount:	None

© 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.