By Angela McDaniels
Tacoma, Wash., July 28 - Citigroup Funding Inc. priced $30.73 million of 3% minimum coupon principal-protected notes due Aug. 11, 2014 linked to the price of gold, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable in August of each year. If the return is more than 3% and the price of gold does not close above its initial level by more than 35% during the interest period, the coupon for that period will equal the 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 "MTY."
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | 3% minimum coupon principal-protected notes
|
| Underlying commodity: | Gold
|
| Amount: | $30,726,200
|
| Maturity: | Aug. 11, 2014
|
| Coupon: | Equal to the return on gold if that return is more than 3% and gold does not close above its initial level by more than 35% during the interest period; in all other cases, 3%; payable annually
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par
|
| Initial gold price: | $955.00 per troy ounce
|
| Pricing date: | July 27
|
| Settlement date: | July 30
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 3.25%
|
| Listing: | NYSE Arca: MTY
|
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