|
Citigroup Funding Inc.
|
Pricing Sheet No. 2012—MTNDG0234 dated April 25, 2012 relating to
|
|
Preliminary Pricing Supplement No. 2012-MTNDG0234 dated April 24, 2012
|
|
|
Registration Statement Nos. 333-172554 and 333-172554-01
|
|
|
Filed Pursuant to Rule 433
|
|
PRICING TERMS – APRIL 25, 2012
|
|||
|
Issuer:
|
Citigroup Funding Inc.
|
||
|
Guarantee:
|
Any payments due on the ELKS are fully and unconditionally guaranteed by Citigroup Inc., Citigroup Funding Inc.'s parent company; however, you may receive an amount at maturity that is less than the stated principal amount of the ELKS and possibly zero.
|
||
|
Aggregate stated principal amount:
|
$7,000,000
|
||
|
Stated principal amount:
|
$10 per ELKS
|
||
|
Issue price:
|
$10 per ELKS
|
||
|
Maturity date:
|
October 30, 2012
|
||
|
Payment at maturity:
|
For each $10 ELKS, in addition to the coupon payment, either (1) a fixed number of shares of the underlying equity equal to the equity ratio (or, if you exercise your cash election right, the cash value of those shares based on the closing price of the underlying equity on the valuation date) if the trading price of the underlying equity at any time on any trading day (whether intra-day or at the close of trading) from but excluding the pricing date to and including the valuation date is less than or equal to the downside threshold price, or (2) $10 in cash.
If you wish to exercise your cash election right, you must do so no later than five business days prior to the maturity date.
|
||
|
Equity ratio:
|
0.21645, the stated principal amount divided by the initial equity price, subject to antidilution adjustments for certain corporate events
|
||
|
Downside threshold price:
|
$27.72 (60.00% of the initial equity price).
|
||
|
Initial equity price:
|
$46.20, the closing price of the underlying equity on the pricing date.
|
||
|
Valuation date:
|
October 25, 2012
|
||
|
Coupon:
|
20.50% per annum (approximately 10.25% for the term of the ELKS), paid at maturity and computed on the basis of a 360-day year of twelve 30-day months.
|
||
|
Underlying equity:
|
The common stock of Green Mountain Coffee Roasters, Inc. (NASDAQ symbol: “GMCR”).
|
||
|
Pricing date:
|
April 25, 2012
|
||
|
Issue date:
|
April 30, 2012
|
||
|
Listing:
|
The ELKS will not be listed on any securities exchange.
|
||
|
CUSIP:
|
17318Q863
|
||
|
ISIN:
|
US17318Q8630
|
||
|
Underwriter:
|
Citigroup Global Markets Inc., an affiliate of the issuer, acting as principal. See “Fact Sheet—Supplemental information regarding plan of distribution; conflicts of interest” in the related pricing supplement.
|
||
|
Underwriting fee and issue price:
|
Price to public
|
Underwriting fee (1)
|
Proceeds to issuer
|
|
Per ELKS
|
$10.00
|
$0.12
|
$9.88
|
|
Total
|
$7,000,000.00
|
$84,000.00
|
$6,916,000.00
|