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Citigroup plans to price upturn notes linked to S&P BRIC 40 index
By Angela McDaniels
Tacoma, Wash., Nov. 2 - Citigroup Funding Inc. plans to price 0% upturn notes due 2011 linked to the S&P BRIC 40 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 500% of any index gain, subject to a maximum return that is expected to be 31.25% to 36.25% and will be set at pricing. Investors will be exposed to any index decline.
The notes will price in November.
Citigroup Global Markets Inc. is the agent.
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