Citigroup plans to price dual directional trigger PLUS linked to Apple

By Marisa Wong

Madison, Wis., Nov. 14 - Citigroup Funding Inc. plans to price 0% dual directional trigger Performance Leveraged Upside Securities due December 2014 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If Apple's final share price is greater than the initial share price, the payout at maturity will be par of $10.00 plus 200% of the increase, subject to a maximum return of 34.25% to 37.25%. The exact cap will be set at pricing.

If the final share price is less than or equal to the initial share price but greater than or equal to the trigger price, the payout will be par plus the absolute value of the stock return. The trigger price is 75% of the initial share price.

If the final share price is less than the trigger price, investors will be fully exposed to the decline from the initial share price.

Citigroup Global Markets Inc. is the underwriter.

The notes (Cusip: 17318Q392) will price on Nov. 29 and settle three business days after that.

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