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Published on 2/17/2012 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $1.96 million buffer notes linked to SPDR Gold Trust

By Angela McDaniels

Tacoma, Wash., Feb. 17 - Citigroup Funding Inc. priced $1.96 million of 0% buffer notes due Feb. 13, 2014 linked to the SPDR Gold Trust, according to a 424B2 filing with the Securities and Exchange Commission.

If the final share price is greater than the initial share price, the payout at maturity will be par plus 200% of the increase, subject to a maximum payment of $1,320 per note. Investors will receive par if the share price declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

Citigroup Global Markets Inc. is the underwriter.

Issuer:Citigroup Funding Inc.
Issue:Buffer notes
Underlying trust:SPDR Gold Trust
Amount:$1.96 million
Maturity:Feb. 21, 2014
Coupon:0%
Price:Par
Payout at maturity:If final share price is greater than initial share price, par plus 200% of increase, subject to maximum payment of $1,320 per note; par if share price declines by 10% or less; 1% loss for every 1% that share declines beyond 10%
Initial share price:$168.09
Pricing date:Feb. 15
Settlement date:Feb. 21
Underwriter:Citigroup Global Markets Inc.
Fees:1.25%
Cusip:1730T0VX4

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