Citigroup plans issue of Stock Market Upturn notes linked to Nasdaq 100

By Angela McDaniels

Seattle, March 22 - Citigroup Funding Inc. plans to price an issue of 15-month Stock Market Upturn notes linked to the Nasdaq 100 Index, according to an FWP filing with the Securities and Exchange Commission.

Payment at maturity will be par plus twice any gain on the index. The payout will be capped at between 16.5% and 18.5%, with the exact cap to be determined at pricing. If the index declines, noteholders will participate fully in the loss.

Citigroup said it will apply to list the notes on the Nasdaq Stock Market under the symbol "SFSU."

Citigroup Global Markets Inc. will be the calculation agent for the offering.

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