Citigroup to price 9.5%-11.5% ELKS linked to Google

By Susanna Moon

Chicago, Oct. 3 - Citigroup Funding Inc. plans to price one-year Equity LinKed Securities linked to the common stock of Google Inc., according to an FWP filing with the Securities and Exchange Commission.

The coupon will be 9.5% to 11.5%, payable semiannually, with the exact amount to be set at pricing.

Payout at maturity will be par of $10 unless Google stock falls by 25% or more during the life of the notes, in which case the payout will be a number of Google shares equal to par divided by the initial share price or, at the holder's option, the equivalent cash value.

The notes are expected to price and settle in October.

The issuer applied to list the notes on the NYSE Arca under the symbol "EJQ."

Citigroup Global Markets Inc. is the underwriter.

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