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Citigroup Funding PACERS iShares MSCI Brazil Index Fund due 7/30/2008
Ticker Symbol: PTSAP* CUSIP: 17308C346 Exchange: OTOTC
* NOTE: This security is no longer trading as of 7/30/2007
QUANTUMONLINE.COM SECURITY DESCRIPTION: Citigroup Funding Inc., PACERS (Premium MAndatory Callable Equity-Linked SecuRitieS) based on the iShares MSCI Brazil Index Fund, issued at $10.00 per PACERS, and maturing 7/30/2008. Holders of the PACERS will receive no payments prior to maturity. The PACERS are callable at the issuer's option at $10 per PACERS plus a mandatory call premium of $0.74, $1.48, $2.22 and $2.96 respectively if the closing trading price of the fund during the three day trading periods starting on 1/23/2007, 7/23/2007, 1/23/2008 and 7/23/2008 is greater than or equal to the initial share price. The initial share price is $38.71 as of 7/25/2006. If the PACERS are not called, at the maturity date the holder will receive either the number of underlying shares of the fund equal to the exchange ratio of 0.25833 ($10 divided by the initial share price times the final share price if the trading price of the underlying shares on the third day before maturity is less than or equal to $25.16 (65% of the initial value), or $10 in cash. The PACERS are not principal protected and at maturity the holder could receive an amount that is worth less, and possibly significantly less, than the issue price of the PACERS. See the IPO prospectus for further information on the call options, the maturity payment, and the PACERS by clicking on the ‘Link to IPO Prospectus’ provided below. The PACERS are senior unsecured debt securities issued by Citigroup Funding Inc., guaranteed by Citigroup Inc. and will rank equally with all of their other unsecured and unsubordinated debt. Citigroup Funding Inc. is a wholly-owned subsidiary of Citigroup Inc. (NYSE: C) whose business activities consist of providing funds to Citigroup Inc. and its subsidiaries for general corporate purposes.
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Go to Parent Company's Record (C)
IPO - 7/27/2006 - 909,000 Shares @ $10.00/share.
Link to IPO Prospectus
Market Value $9.1 Million
Company's Online Information Links
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HOME PAGE:
http://www.citigroup.com/
(This parent company URL is for reference only and does not have specific information on the security.)
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Company's Online SEC EDGAR Filings |
Address and Phone Numbers |
Address: 399 Park Avenue, New York, NY 10043 |
Main Phone Number |
212-559-1000 |
Fax Number |
Not Available |
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