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Citigroup plans PLUS due 2012 with 13%-18% cap linked to S&P 500
By Susanna Moon
Chicago, Sept. 29 - Citigroup Funding Inc. plans to price 0% Performance Leveraged Upside Securities due November 2012 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10.00 plus triple any gain in the index, up to a maximum payment of $11.30 to $11.80 per $10.00 note.
Investors will be fully exposed to losses.
Citigroup Global Markets Inc. is the underwriter.
The exact deal terms will be set at pricing.
The notes will price and settle in October.
The Cusip number is 17317U584.
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