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Published on 10/27/2011 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $1.11 million buffered digital plus notes tied to Dow

By Angela McDaniels

Tacoma, Wash., Oct. 27 - Citigroup Funding Inc. priced $1.11 million of 0% buffered digital plus notes due April 30, 2015 linked to the Dow Jones industrial average, according to an FWP filing with the Securities and Exchange Commission.

If the final index level is greater than the initial level, the payout at maturity will be par plus the greater of the index return and 18%. Investors will receive par if the index declines by 20% or less and will lose 1% for every 1% that it declines beyond 20%.

Citigroup Global Markets Inc. is the agent.

Issuer:Citigroup Funding Inc.
Issue:Buffered digital plus notes
Underlying index:Dow Jones industrial average
Amount:$1.11 million
Maturity:April 30, 2015
Coupon:0%
Price:Par
Payout at maturity:If final index level is greater than initial level, par plus greater of index return and 18%; par if index declines by 20% or less; 1% loss for every 1% that index declines beyond 20%
Initial index level:11,869.04
Pricing date:Oct. 26
Settlement date:Oct. 31
Underwriter:Citigroup Global Markets Inc.
Fees:3.95%
Cusip:1730T0PH6

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