By Jennifer Chiou
New York, June 26 - Citigroup Funding Inc. priced a $22.95 million issue of 0% Stock Market Upturn notes due Oct. 6, 2009 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to its initial level, the payment at maturity will be par of $10.00 plus triple any gain on the index. The payout will be capped at 120% of par.
If the index declines, investors will receive par times the index performance.
The notes will be listed on the American Stock Exchange under the symbol "SRU."
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | Stock Market Upturn notes
|
| Underlying index: | S&P 500
|
| Amount: | $22.95 million
|
| Maturity: | Oct. 6, 2009
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | If index increases, par plus triple any index gain, capped at 120% of par; otherwise, par times index performance
|
| Initial index level: | 1,314.29
|
| Pricing date: | June 24
|
| Settlement date: | June 27
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 2.25%
|
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