Citigroup to price buffer notes linked to iShares Russell 1000 Growth index fund

By Jennifer Chiou

New York, Oct. 2 - Citigroup Funding Inc. plans to price 0% buffer notes due 2010 linked to shares of the iShares Russell 1000 Growth index fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the final fund return is positive, the payout at maturity will be par plus the return multiplied by a participation rate of at least 300%, up to a maximum return of 13% to 15%. The exact participation rate and maximum return will be set at pricing.

If the final fund return is between 0% and negative 15%, the payout will be par. Investors will lose 1% for every 1% that the final fund return declines by more than 15%.

Pricing and settlement dates were not disclosed in the filing.

Citigroup Global Markets Inc. will be the underwriter.

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