Citigroup to price partial principal at risk notes linked to renminbi

By Jennifer Chiou

New York, March 14 - Citigroup Inc. plans to price 0% partial principal at risk securities due April 2014 linked to the Hong Kong-delivered Chinese renminbi relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 12% to 15% if the currency appreciates against the dollar by at least 1%.

Otherwise, investors will receive 95% of par.

The notes (Cusip: 1730T0SH3) are expected to price on March 25.

Citigroup Global Markets Inc. is the underwriter.

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