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Citigroup Funding ELKS 9.50% Archer-Daniels-Midland Co. due 12/6/2007
Ticker Symbol: EAM* CUSIP: 17308C221 Exchange: AMEX
* NOTE: This security is no longer trading as of 12/06/2007
QUANTUMONLINE.COM SECURITY DESCRIPTION: Citigroup Funding Inc., 9.50% ELKS (Equity LinKed Securities) based on the common stock of Archer-Daniels-Midland Co. (NYSE: ADM), due 12/6/2007, and issued at $10 per ELKS. The ELKS do not provide for early redemption. The ELKS pay a total of $0.9711 in cash composed of $0.5242 in interest and $0.4469 in option premium, payable $0.4961 on 6/6/2007 & $0.4750 on 12/6/2007. At maturity the holder will receive either $10 in cash or 0.29351 shares of Archer-Daniels-Midland common stock if the price of Archer-Daniels-Midland's stock at any time during the term of the ELKS is less than or equal to $27.26 (80% of the initial share price of $34.07 on 11/22/2006). The ELKS are not principal protected and at maturity the holder could receive stock whose value is less, and possibly significantly less, than the original investment in the ELKS. For further information on the ELKS, click on the ‘Link to IPO Prospectus’ provided below. See page PS-2 of the IPO prospectus for further information on the calculation of the maturity payment and PS-12 for hypothetical examples of the maturity payment. The ELKS 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 (ADM)
IPO - 11/27/2006 - 10.43 Million Shares @ $10.00/share.
Link to IPO Prospectus
Market Value $104.0 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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