Citigroup plans autocall notes linked to iShares MSCI EAFE index fund

By Angela McDaniels

Tacoma, Wash., May 10 - Citigroup Funding Inc. plans to price 0% autocall notes due June 2, 2014 linked to the iShares MSCI EAFE index fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the exchange-traded fund's share price is greater than or equal to the initial share price on any of three annual call dates, the notes will be automatically called and investors will receive par plus a premium of 8% to 10.5% per year. The exact premium will be set at pricing.

If the notes are not called and the final share price is at least 80% of the initial share price, the payout will be par. If the final share price is less than 80% of the initial share price, investors will be fully exposed to the decline from the initial share price.

The notes (Cusip: 1730T0MK2) are expected to price May 25 and settle May 31.

Citigroup Global Markets Inc. is the agent.

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