Citigroup plans to price growth securities linked to S&P 500 via Wells

By Marisa Wong

Madison, Wis., Oct. 13 - Citigroup Funding Inc. plans to price 0% growth securities with upside participation and contingent downside protection due November 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 110% to 120% of any index gain. The exact participation rate will be set at pricing.

Investors will receive par if the index declines by up to 40%. If the index falls by more than 40%, investors will be exposed to the decline from the initial level.

The notes (Cusip: 1730T0PL7) are expected to price Oct. 27 and settle three days after that.

Citigroup Global Markets Inc. and Wells Fargo Securities, LLC are the agents.

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