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Citigroup to price 1% notes due 2016 linked to BRIC currencies
By Angela McDaniels
Tacoma, Wash., May 17 - Citigroup Funding Inc. plans to price 1% market-linked notes due 2016 linked to the performance of a basket of currencies relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes equal weights of the Brazilian real, the Russian ruble, the Indian rupee and the Chinese yuan.
Interest will be payable semiannually.
The payout at maturity will be par plus 250% of the basket return if the basket return is positive. The payout will be par if the basket return is negative.
Citigroup Global Markets Inc. is the underwriter.
The Cusip number is 1730T0MP1.
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