By Susanna Moon
Chicago, Dec. 4 - Citigroup Funding Inc. priced $3.4 million of floating-rate notes due Dec. 28, 2010 based on the S&P GSCI Precious Metals Total Return index, according to an FWP filing with the Securities and Exchange Commission.
Interest will be Libor minus 20 basis points, payable quarterly.
The notes will be called if the index closes at or below 85% of its initial level.
The payout at maturity or upon redemption will be par plus triple the index return minus the Treasury bill amount minus a fee of 0.49% per year.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | Floating-rate notes
|
| Underlying index: | S&P GSCI Precious Metals Total Return
|
| Amount: | $3.4 million
|
| Maturity: | Dec. 28, 2010
|
| Coupon: | Libor minus 20 bps, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of index return minus the T-bill amount minus a 0.49% annual fee
|
| Call: | If index closes at or below 85% of its initial level
|
| Initial index level: | 1,581.798
|
| Pricing date: | Dec. 2
|
| Settlement date: | Dec. 9
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | None
|
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