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   
   Two Baskets of Currencies Due November 13, 2009   
   Final Term Sheet   
   November 7, 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:    Aa2/AA (Moody’s/S&P)
Offering:    2 year Principal-Protected Notes Based Upon Two Baskets of Currencies Due November 13, 2009
Sole Underwriter:    Citigroup Global Markets Inc.
Basket A Currencies:    Australian Dollar (AUD), British Pound (GBP), Brazilian Real (BRL), Mexican Peso (MXN)
Basket B Currencies:    European Union Euro (EUR), Swiss Franc (CHF), Japanese Yen (JPY), Czech Koruna (CZK)
Note Currency:    U. S. Dollar (USD)
Principal Amount Issued:    USD 10,000,000
Pricing Date:    November 7, 2007
Issue Date:    November 13, 2007
Maturity Date:    November 13, 2009
Issue Price:    100% of the principal amount
Interest Rate:    None
Payment at Maturity:    100% of Principal Amount + Return Amount.
Principal Protection:    100% if held to Maturity
Return Amount:   

If Basket A Return minus Basket B Return is less than 2%,

Return Amount = 4% of Principal Amount;

else if Basket A Return minus Basket B Return is at or greater than 2%,

Return Amount = 200% x (Basket A Return - Basket B Return) x Principal Amount.

 

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i      USDCCY(i)    w(i)     Description
1      USDAUD    25%     Number of Australia Dollar per unit of US Dollar
2      USDGBP    25%     Number of British Pound per unit of US Dollar
3      USDBRL    25%     Number of Brazilian Real per unit of US Dollar
4      USDMXN    25%     Number of Mexican Peso per unit of US Dollar

 

 

For each USDCCY(i)

 

USDCCY5 = Spot Exchange Rate Fixing for the Pricing Date:

 

USDAUD = 1.0666 ( = 1.5703/1.4722)

 

USDGBP = 0.4752 ( = 0.6996/1.4722)

 

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   
   Two Basket of Currencies Due November 13, 2009   
   Final Term Sheet   
   November 7, 2007   

 

  

USDBRL = 1.7400

 

USDMXN = 10.7435

 

USDCCYf = Spot Exchange Rate Fixing for the Final Fixing Date.

 

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j      USDCCY(j)   w(j)     Description
1      USDEUR   25%     Number of European Euro per unit of US Dollar
2      USDCHF   25%     Number of Swiss Franc per unit of US Dollar
3      USDJPY   25%     Number of Japanese Yen per unit of US Dollar
4      USDCZK   25%     Number of Czech Koruna per unit of US Dollar

 

  

For each USDCCY(j)

 

USDCCY5 = Spot Exchange Rate Fixing for the Pricing Date:

 

USDEUR = 0.6793 ( = 1/1.4722)

 

USDCHF = 1.1268 ( = 1.6589/1.4722)

 

USDJPY = 112.80 ( = 166.07/1.4722)

 

USDCZK = 18.2951 ( = 26.934/1.4722)

 

USDCCYf = Spot Exchange Rate Fixing for the Final Fixing Date.

Spot Exchange Rate Fixing:   

For USDBRL, as published on Bloomberg page “NDFL” in the Brazil row.

 

For USDMXN, as published on Bloomberg page “MXFT <Index>“.

 

For USDEUR, as calculated by dividing 1 by the Rate USD as quoted on Bloomberg page “ECB3”.

 

For each CCY in AUD, GBP, CHF, JPY, CZK, USDCCY is calculated by dividing the Rate CCY by the Rate USD both as quoted on Bloomberg page “ECB3”.

Final Fixing Date:    Five business days prior to the Maturity Date.
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:    1730T0ER6
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.