Citigroup to price two-year buffered digital notes linked to S&P 500

By Jennifer Chiou

New York, Feb. 1 - Citigroup Funding Inc. plans to price 0% buffered digital notes due March 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index stays flat or gains, the payout at maturity will be par plus a digital return of 12% to 14%. The exact upside payment will be set at pricing.

Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline beyond 20%.

The notes (Cusip: 1730T0VY2) are expected to price on Feb. 27.

Citigroup Global Markets Inc. is the agent.

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