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Citigroup plans to price notes due 2013 linked to four currencies
By Angela McDaniels
Tacoma, Wash., Feb. 22 - Citigroup Funding Inc. plans to price 0% notes due 2013 linked to the performance of a basket of currencies relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes equal weights of the Brazilian real, Indian rupee, Chinese yuan and Singapore dollar.
If the basket return is positive, the payout at maturity will be par plus 240% to 265% of the gain. The exact participation rate will be set at pricing.
Investors will be exposed to the decline if the basket return is negative, subject to a minimum payout of $900 per $1,000 principal amount of notes.
The Cusip for the notes is 1730T0LT4.
Citigroup Global Markets Inc. is the agent.
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