By Angela McDaniels
Tacoma, Wash., Dec. 28 - Citigroup Funding Inc. priced $19.84 million of 0% Index Leading Stockmarket Return Securities due Jan. 9, 2013 linked to the Dow Jones Industrial Average, according to an FWP filing with the Securities and Exchange Commission.
If the index remains above 60% of its initial level throughout the life of the notes, the payout at maturity will be par of $10 plus the greater of 10% and the index return.
If the index falls to or below 60% of its initial level, the payout will be par plus the index return, which could be positive or negative.
Citigroup Global Markets Inc. is the underwriter. It will pay a selling concession to Morgan Stanley Smith Barney LLC.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | Index Leading Stockmarket Return Securities
|
| Underlying index: | Dow Jones Industrial Average
|
| Amount: | $19.84 million
|
| Maturity: | Jan. 9, 2013
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the index remains above 60% of its initial level throughout the life of the notes, par plus the greater of 10% and the index return; otherwise, par plus the index return
|
| Initial index level: | 10,466.44
|
| Pricing date: | Dec. 23
|
| Settlement date: | Dec. 29
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 3%
|
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