Citi plans five-year digital plus notes tied to Brent blend crude oil

By Susanna Moon

Chicago, Nov. 4 - Citigroup Funding Inc. plans to price 0% digital plus notes due Nov. 29, 2016 linked to the Brent blend crude oil futures contract, according to a 424B2 filing with the Securities and Exchange Commission.

If the return is positive, the payout at maturity will be par plus the greater of any gain and the upside payment of $180 to $220 per $1,000 principal amount. The exact amount will be set at pricing.

Investors will receive a minimum of par if the commodity price falls.

Citigroup Global Markets Inc. is the agent.

The notes will price on Nov. 23 and settle three days later.

The Cusip is 1730T0QH5.

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