By Jennifer Chiou
New York, March 26 - Citigroup Funding Inc. priced a $35 million offering of principal-protected notes due March 29, 2009 linked to a basket of currencies, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes equal weights of the dollar/Australian dollar, dollar/British pound, dollar/Indonesian rupiah, dollar/Mexican peso and dollar/Turkish lira exchange rates.
The notes will pay a one-time coupon of 5.8% in March 2008.
The payout at maturity will be par plus any percentage increase in the basket level. Investors will receive at least par.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Funding Inc.
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Issue: | Principal-protected notes
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Underlying basket: | Dollar/Australian dollar, dollar/British pound, dollar/Indonesian rupiah, dollar/Mexican peso and dollar/Turkish lira exchange rates, equally weighted
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Amount: | $35 million
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Maturity: | March 29, 2009
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Coupon: | 5.8%, payable one time in March 2008
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Price: | Par
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Payout at maturity: | Par plus any basket gain; floor of par
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Pricing date: | March 23
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Settlement date: | March 29
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Agent: | Citigroup Global Markets Inc.
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Fees: | None
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