By Angela McDaniels
Seattle, June 27 - Citigroup Funding Inc. priced a $23.05 million issue of 0% Stock Market Upturn Notes due Oct. 9, 2008 linked to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any increase in the fund's share price, subject to a maximum return of 25%. Investors will participate fully in any share price decline.
The notes will be listed on the American Stock Exchange under the symbol "SKC."
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | Stock Market Upturn Notes
|
| Underlying index fund: | iShares MSCI Emerging Markets
|
| Amount: | $23.05 million
|
| Maturity: | Oct. 9, 2008
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus triple any share price gain, capped at 25%; full participation in any share price decline
|
| Initial share price: | $130.44
|
| Pricing date: | June 25
|
| Settlement date: | June 28
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2.25%
|
| Listing: | "SKC" on the American Stock Exchange
|
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