Citigroup plans 10.5%-14.5% ELKS due January 2013 linked to Broadcom

By Marisa Wong

Madison, Wis., May 30 - Citigroup Funding Inc. plans to price 10.5% to 14.5% annualized single observation Equity LinKed Securities due Jan. 24, 2013 tied to the common stock of Broadcom Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The payout at maturity will be par of $10 unless Broadcom shares fall to or below 80% of the initial price on the final valuation day, in which case the payout will be a number of shares of Broadcom stock equal to $10 divided by the initial price or, at the investor's option, an equivalent cash amount.

The notes (Cusip: 17318Q764) are expected to price on June 28 and settle three business days after that.

Citigroup Global Markets Inc. is the underwriter.

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