Citigroup to price buffered digital plus notes linked to the Dow

By Marisa Wong

Madison, Wis., Feb. 29 - Citigroup Funding Inc. plans to price 0% buffered digital plus notes due September 2015 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial level, the payout at maturity will be par plus the greater of the index return and 25% to 30%. The exact upside payment will be set at pricing.

Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

Citigroup Global Markets Inc. is the agent.

The notes (Cusip: 1730T0WJ4) will price and settle in March.

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