Citigroup plans digital plus notes linked to Dow with 10% buffer

By Angela McDaniels

Tacoma, Wash., Sept. 30 - Citigroup Funding Inc. plans to price 0% buffered digital plus notes due April 29, 2015 linked to the Dow Jones industrial average, according to a 424B2 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 the upside payment, which is expected to be 32% to 37% and will be set at pricing. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

The notes (Cusip: 1730T0PE3) are expected to price Oct. 24 and settle Oct. 27.

Citigroup Global Markets Inc. is the agent.

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