Citigroup to price buffered digital plus securities linked to the Dow

By Jennifer Chiou

New York, April 3 - Citigroup Funding Inc. plans to price 0% buffered digital plus securities due April 27, 2017 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 or equal to the initial level, the payout at maturity will be par plus the greater of the fixed return amount and the index return. The fixed return amount is expected to be 15% to 20% 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: 1730T0SN0) are expected to price on April 24, moved up from April 29. The originally anticipated maturity date was May 4, 2017.

Citigroup Global Markets Inc. is the underwriter.

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