By Jennifer Chiou
New York, March 26 - Citigroup Funding Inc. priced $5.5 million of zero-coupon 97% principal-protected notes due March 28, 2009 linked to the euro and Japanese yen, according to a 424B2 filing with the Securities and Exchange Commission.
The basket return will be based on the percentage decline of the equally weighted currencies against the dollar.
If the basket return is negative, the payout at maturity will be 97% of par plus 140% of the absolute value of the basket return. Otherwise, the payout will be 97% of par.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | 97% principal-protected notes
|
| Underlying currencies: | Equal weights of the euro and Japanese yen, each against the dollar
|
| Amount: | $5.5 million
|
| Maturity: | March 28, 2009
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | 97% of par plus 140% of the absolute value of any basket decline; floor of 97%
|
| Pricing date: | March 25
|
| Settlement date: | March 28
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | None
|
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