By Angela McDaniels
Tacoma, Wash., June 25 - Citigroup Funding Inc. priced $23.26 million 3% minimum coupon principal-protected notes due July 11, 2014 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable on June 30, 2010, June 30, 2011, July 2, 2012 and July 1, 2013. If the index return is more than 3% and the index does not close above its initial level by more than 27% during the interest period, the coupon for that period will equal the index return. In all other cases, the coupon will be 3%.
The payout at maturity will be par of $10.
The notes have been approved for listing on NYSE Arca under the symbol "MBF."
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | 3% minimum coupon principal-protected notes
|
| Underlying index: | S&P MidCap 400 index
|
| Amount: | $23.26 million
|
| Maturity: | July 11, 2014
|
| Coupon: | If index return is more than 3% and index does not close above initial level by more than 27% during interest period, coupon will equal the index return; otherwise, 3%; payable annually
|
| Price: | Par of $10
|
| Payout at maturity: | Par
|
| Initial index level: | 554.45
|
| Pricing date: | June 23
|
| Settlement date: | June 26
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 3.25%
|
| Listing: | NYSE Arca: MBF
|
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