By Susanna Moon
Chicago, Aug. 26 - Citigroup Funding Inc. priced $5.42 million of 0% jump securities due Feb. 28, 2012 linked to the Philadelphia Oil Service Sector index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be par of $10.00 plus an upside payment of $1.20 per note.
Investors will be exposed to any losses.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | Jump securities
|
| Underlying index: | Philadelphia Oil Service Sector index
|
| Amount: | $5.42 million
|
| Maturity: | Feb. 28, 2012
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index gain, par plus 12%; exposure to losses
|
| Initial level: | 218.17
|
| Pricing date: | Aug. 25
|
| Settlement date: | Aug. 30
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 1.5%
|
| Cusip: | 17317U691
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
