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Citigroup plans to price 0% buffered PLUS linked to S&P 100
New York, May 8 - Citigroup Funding Inc. plans to price 0% buffered Performance Leveraged Upside Securities due May 29, 2014 linked to the S&P 100 index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 1.25 times any gain in the index, up to a maximum payment of $12.36 to $12.66 per note. The exact maximum payment will be set at pricing.
Investors will receive par for losses of up to 10% and will share in losses beyond the buffer.
The notes (Cusip: 17318Q798) are expected to price on May 30.
Citigroup Global Markets Inc. is the underwriter. Morgan Stanley Smith Barney LLC will act as distributor.
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