FWP 1 dfwp.htm TERM SHEET Term Sheet

Filed Pursuant to Rule 433
Registration Statement Nos. 333-132370 and 333-132370-01

 

LOGO

  

Citigroup Global Markets Inc

390 Greenwich Street, 4th Floor

New York, NY 10013

 

Rate Structuring Americas

Telephone: +1-212-723-6136

Facsimile:  +1-212-723-8636

 

SIFMA MEDIUM TERM NOTE

 


 

   

Final Terms and Conditions

   3 July 2007
Issuer:   Citigroup Funding Inc.
Guarantor:   Any payments due on the Notes are fully and unconditionally guaranteed by Citigroup Inc., Citigroup Funding’s parent company.
Ratings:   Aa1/AA (Moody’s/S&P) based upon the Citigroup guarantee
Status:   Senior, unsubordinated
Issue Size:   $25,000,000
Trade Date:   July 3, 2007
Issue Date:   July 10, 2007
Maturity Date:   July 10, 2027
Issue Price:   100.00%
Coupon Amount:   Interest rate, subject to the Interest Floor and Cap
Interest Rate:   9.18% + 8 x (65% Avg USD 3m Libor – Avg SIFMA Index) floored at 0% and capped at 11.00% Payable quarterly on a 30/360 unadjusted basis

Interest Payment

Date:

  10th of each July, October, January and April of each year

Payment Business

Days:

 

London and New York

Modified Following Business Day Convention

Interest Period:   From and including the Issue Date to but excluding the Specified Interest Payment Date and thereafter from and including each Specified Interest Payment Date to but excluding the immediately following Specified Interest Payment Date.
3m USD Libor:   3 month USD Libor rate quoted on Reuters page LIBOR01 or successor page thereof at 11:00 a.m. London time.
Avg USD 3m Libor   The arithmetic mean of 3m USD Libor observed on Wednesday of each week, or if any Wednesday is not London Business Day, the next succeeding London Business Day, within each Observation Period.
Avg SIFMA Index  

The arithmetic mean of the weekly SIFMA Index observed on Wednesday of each week, or if any Wednesday is not U.S. Government Securities Business Day, the next succeeding U.S. Government Securities Business Day.

 

The SIFMA indices to be averaged are those observed on the dates within each Observation Period.

Observation Periods:  

From, and including July 3 to, but excluding, October 3 for the interest payments on October 10

From, and including October 3 to, but excluding, January 3 for the interest payments on January 10

From, and including January 3 to, but excluding, April 3 for the interest payments on April 10

From, and including April 3 to, but excluding, July 3 for the interest payments on July 10

SIFMA Index   The SIFMA (also known as BMA) Municipal Swap Index is a United States nationwide index of short-term tax-exempt yields compiled by Municipal Market Data under the auspices of the Bond Market

 

Citigroup Funding Inc., the issuer, and Citigroup Inc., the guarantor, have filed a registration statement (including a prospectus and prospectus supplement) with the Securities and Exchange Commission (“SEC”) for the offering to which this communication relates. Before you invest, you should read the prospectus and prospectus supplement in that registration statement (File No. 333-132370) and the other documents Citigroup Funding and Citigroup have filed with the SEC for more complete information about Citigroup Funding, Citigroup and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, you can request the prospectus and prospectus supplement by calling toll-free 1-877-858-5407.


LOGO

 

 

 

   

Association. It reflects the actual rate on typically 650 high-grade, variable rate bonds with weekly resets.

 

Bloomberg page: MUNIPSA Index

Redemption:   100.00%
Denominations:   USD 100,000
Calculation Agent:   Citibank, NA
Dealer:   Citigroup Global Markets Inc.
CUSIP:   1730T0DL0

 

 

 

 

 

 

 

Citigroup Funding Inc., the issuer, and Citigroup Inc., the guarantor, have filed a registration statement (including a prospectus and prospectus supplement) with the Securities and Exchange Commission (“SEC”) for the offering to which this communication relates. Before you invest, you should read the prospectus and prospectus supplement in that registration statement (File No. 333-132370) and the other documents Citigroup Funding and Citigroup have filed with the SEC for more complete information about Citigroup Funding, Citigroup and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, you can request the prospectus and prospectus supplement by calling toll-free 1-877-858-5407.