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Citigroup plans buffered PLUS linked to iShares MSCI EM index fund
By Jennifer Chiou
New York, Feb. 22 - Citigroup Funding Inc. plans to price 0% buffered Performance Leveraged Upside Securities due March 28, 2012 linked to the iShares MSCI Emerging Markets index fund, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 200% of any increase in the fund's share price, subject to a maximum return of 24% to 28% that will be set at pricing. Investors will receive par if the share price declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
The notes will price and settle in March.
Citigroup Global Markets Inc. is the underwriter.
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