Citigroup to price market-linked notes due 2016 on index basket

By Jennifer Chiou

New York, Oct. 29 -Citigroup Funding Inc. plans to price 0% market-linked notes due Nov. 28, 2016 tied to equal weights of the Dow Jones Industrial Average, the Euro Stoxx 50 and the Nikkei 225 index, according to a 424B2 filing with the Securities and Exchange Commission.

The final basket value will equal the average of the closing basket values on Nov. 21 of 2011 through 2016.

If the final basket value is greater than the initial level, the payout at maturity will be par plus 100% to 110% of the basket change.

Investors will receive at least par.

The notes (Cusip: 1730T0KW8) are expected to price in November and settle on Nov. 24.

Citigroup Global Markets Inc. is the underwriter.

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