FWP 1 dfwp.htm FINAL TERM SHEET Final Term Sheet

Issuer Free Writing Prospectus

Filed pursuant to Rule 433

Registration Nos. 333-132370 and 333-132370-01

 

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Citigroup Funding Inc.

  
   Principal-Protected Notes Based Upon a   
   Basket of Currencies Due June 26, 2009   
   Final Term Sheet   
   October 23, 2007   

 

Issuer:    Citigroup Funding Inc.
Guarantee:    Payments due on the Notes are fully and unconditionally guaranteed by Citigroup Inc., Citigroup Funding’s parent company.
Rating of Issuer’s Obligations:    Aa1/AA (Moody’s/S&P)
Offering:    Principal-Protected Notes Based Upon a Basket of Currencies Due June 26, 2009
Sole Underwriter:    Citigroup Global Markets Inc.
Basket Currencies:    Brazilian real (BRL), Russian ruble (RUB), Indian rupee (INR), Chinese yuan (CNY)
Principal Amount Issued:    US$4,000,000
Pricing Date:    October 23, 2007
Issue Date:    October 26, 2007
Maturity Date:    June 26, 2009
Issue Price:    100% of the principal amount
Payment at Maturity:    Principal Amount + Return Amount
Principal:    100%
Return Amount:   

3.00% + Max[0.0%, Basket Return–3.00%] x Participation Rate x Principal Amount

 

Where

 

Participation Rate = 230%

 

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i      CCYUSD(i)    w(i)     Description
1      BRLUSD    25%    

Number of U.S. dollars per Brazilian real. Calculated by taking the inverse of the U.S. dollar/Brazilian real exchange rate (expressed as the amount of Brazilian reais per U.S. dollar), as quoted on Reuters Page “BRFR” (the offer side) for a business day. Available about 6:00 p.m. New York City time.

2      RUBUSD    25%    

Number of U.S. dollars per Russian ruble. Calculated by taking the inverse of the U.S. dollar/Russian ruble exchange rate (expressed as the amount of Russian rubles per U.S. dollar), as quoted on Reuters Page “EMTA” for a business day. Available about 8:30 a.m. New York City time.

3      INRUSD    25%    

Number of U.S. dollars per Indian rupee. Calculated by taking the inverse of the U.S. dollar/Indian rupee exchange rate (expressed as the amount of Indian rupees per U.S. dollar), as quoted on Reuters Page “RBIB” for a business day. Available about 8:30 a.m. New York City time.

4      CNYUSD    25%    

Number of U.S. dollars per Chinese yuan. Calculated by taking the inverse of the U.S. dollar/Chinese yuan exchange rate (expressed as the amount of Chinese yuan per U.S. dollar), as quoted on Reuters Page “SAEC” for a business day. Available about 8:30 a.m. New York City time.

 

  

For each CCYUSD(i)

 

CCYsUSD = Spot exchange rate on the Issue Date as described above

 

CCYUSDf = Spot exchange rate on the Valuation Date, as described above

Valuation Date:    Three business days prior to Maturity Date

 


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   

 

Citigroup Funding Inc.

  
   Principal-Protected Notes Based Upon a   
   Basket of Currencies Due June 26, 2009   
   Final Term Sheet   
   October 23, 2007   

 

Day Count:    30/360 unadjusted
Early Redemption:    None
Business Day:   

New York

Modified Following Business Day Convention

Calculation Agent:    Citigroup Financial Products, Inc.
Form and Denomination:    Registered Medium-Term Notes in minimum denominations and increments of US$1,000
Clearing and Settlement:    DTC
Listing:    None
CUSIP:    1730T0EL9
Underwriting Discount:    0.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


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.