By Marisa Wong
Milwaukee, May 6 - Citigroup Funding Inc. priced $1.25 million of 0% Index Leading Stockmarket Return Securities due May 3, 2013 linked to the Dow Jones-UBS Commodity index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index remains above 75% of its initial level throughout the life of the notes, the payout at maturity will be par of $10,000 plus the greater of the index return and 10%.
If the index falls to or below 75% 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.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | Index Leading Stockmarket Return Securities
|
| Underlying index: | Dow Jones-UBS Commodity
|
| Amount: | $1.25 million
|
| Maturity: | May 3, 2013
|
| Coupon: | 0%
|
| Price: | Par of $10,000
|
| Payout at maturity: | Par plus greater of index return and 10% if index remains above 75% of initial level throughout life of notes; otherwise, par plus index return
|
| Initial index level: | 132.0838
|
| Pricing date: | May 4
|
| Settlement date: | May 7
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2%
|
| Cusip: | 17308CNZ5
|
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