New Issue: Citigroup prices $840,000 buffered PLUS on commodities basket

By Toni Weeks

San Diego, Sept. 28 - Citigroup Funding Inc. priced $840,000 of 0% buffered Performance Leveraged Upside Securities due March 30, 2015 linked to a basket of seven equally weighted commodities, according to an FWP filing with the Securities and Exchange Commission.

The underlying commodities are silver, copper, nickel corn, soybeans, Brent crude oil and gasoline RBOB.

The payout at maturity will be par plus 1.5 times any basket gain, up to a maximum payment of $1,700 per $1,000 principal amount.

Investors will receive par if the basket falls by up to 15% and will be exposed to any decline beyond 15%.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Funding Inc.
Issue:	Buffered Performance Leveraged Upside Securities
Basket components:	Silver, copper, nickel, corn, soybeans, Brent crude oil, gasoline RBOB, equally weighted
Amount:	$840,000
Maturity:	March 30, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any basket gain, up to a maximum of $1,700 per $1,000 of notes; exposure to declines beyond 15%
Initial prices:	3,350 for silver, 7,528 for copper, 18,670 for nickel, 652.25 for corn, 1,263 for soybeans, 107.14 for Brent crude, 2.6955 for gasoline
Pricing date:	Sept. 27
Settlement date:	Sept. 29
Underwriter:	Citigroup Global Markets Inc.
Fees:	3%, used for selling concessions
Cusip:	1730T0NX3

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