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Citigroup Funding Inc. Announces Reverse Split of ETNs linked to CVOLT Index

  Citigroup Funding Inc. Announces Reverse Split of ETNs linked to CVOLT Index

Business Wire

NEW YORK -- December 19, 2012

Citigroup Funding Inc. today announced that it will implement a 1-for-10
reverse split of its C-Tracks Exchange-Traded Notes Based on the Performance
of the Citi Volatility Index Total Return Due November 12, 2020 (the
“C-Tracks”), effective January 2, 2013. The C-Tracks, with ticker symbol
“CVOL,” began trading on the NYSE Arca on November 15, 2010.

The closing indicative value of the C-Tracks on December 31, 2012 will be
multiplied by ten to determine the reverse-split adjusted closing indicative
value of the C-Tracks. The reverse split will be effective at the open of
trading on January 2, 2013 and the C-Tracks will begin trading on the NYSE
Arca on a reverse-split adjusted basis on such date. The reverse-split
adjusted C-Tracks will have a new CUSIP (17318Q475), but will retain the same
ticker symbol.

As of January 4, 2013, holders who hold a number of C-Tracks that is not
evenly divisible by ten will receive one reverse-split adjusted C-Track for
every ten C-Tracks held and a cash payment for any odd number of C-Tracks
remaining (the “partials”). The cash amount due on any partials will be
determined on January 11, 2013, based on the closing indicative value of the
reverse-split adjusted C-Tracks on such date and will be paid on January 18,
2013.

For more information regarding the reverse split process, see the pricing
supplement relating to the C-Tracks under the heading “Valuation of the
C-Tracks—Split or Reverse Split of the C-Tracks”. The pricing supplement can
be found on EDGAR, the SEC website at: www.sec.gov.

About C-Tracks ETNs linked to the CVOLT

The C-Tracks Exchange-Traded Notes Based on the Performance of the Citi
Volatility Index Total Return Due November 12, 2020 provide investors with an
investable means to gain directional exposure to the implied volatility of
large-cap U.S. stocks. More information is available on
http://www.c-tracksetns.com.

Citi, the leading global financial services company, has approximately 200
million customer accounts and does business in more than 160 countries and
jurisdictions. Citi provides consumers, corporations, governments and
institutions with a broad range of financial products and services, including
consumer banking and credit, corporate and investment banking, securities
brokerage, transaction services, and wealth management.

Additional information may be found at www.citigroup.com | Twitter: @Citi |
YouTube: www.youtube.com/citi | Blog: http://new.citi.com | Facebook:
www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi

The Issuer has filed a registration statement (including a prospectus and
related prospectus supplement) with the Securities and Exchange Commission
("SEC") for each of the offerings to which this communication relates. Before
you invest, you should read the prospectus and related prospectus supplement
in that registration statement and the other documents relating to the
relevant offering that the Issuer has filed with the SEC for more complete
information about the Issuer and such offering. You may get these documents
for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively,
the Issuer, or any agent or dealer participating in the relevant offering,
will arrange to send you the prospectus and each prospectus supplement as well
as any product supplement and term sheet if you so request by calling
toll-free 1-877-858-5407.

Investing in the C-Tracks involves risks, including the possible loss of
principal. There is no assurance that an active trading market for the
C-Tracks will develop or continue.

Contact:

Media:
Citigroup Funding Inc.
Scott Helfman, +1-212-816-9241
 
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