By Susanna Moon
Chicago, July 29 - Citigroup Funding Inc. priced $23.91 million of 0% buffer notes due Feb. 4, 2010 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is at least the initial level, the payout at maturity will be par of $10 plus triple any gain, up to a maximum total return of 16%.
If the index falls by up to 10%, the payout will be par. Investors will be exposed to any losses beyond 10%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | Buffer notes
|
| Underlying index: | S&P 500
|
| Amount: | $23.91 million
|
| Maturity: | Feb. 4, 2010
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus triple any index gain, capped at 16%; par if index falls by 10% or less; exposure to losses beyond 10%
|
| Pricing date: | July 25
|
| Settlement date: | July 30
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2.25%
|
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