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Citigroup to sell trigger performance securities on S&P 500 via UBS
By Marisa Wong
Madison, Wis., Feb. 1 - Citigroup Funding Inc. plans to price 0% trigger performance securities due Feb. 27, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 125% to 135% of the index return. The exact participation rate will be set at pricing.
Investors will receive par if the index falls by up to 60% and will be fully exposed to losses from the initial level if the index falls by more than 60%.
The notes (Cusip: 17317U212) are expected to price Feb. 24 and settle Feb. 29.
Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.
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