Citigroup plans non-callable protected notes linked to 10-year CMS rate

By Susanna Moon

Chicago, April 5 - Citigroup Funding Inc. plans to price non-callable principal-protected notes due 2020 based on the 10-year Constant Maturity Swap rate, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be the CMS rate, payable quarterly. The coupon will be at least 2% and capped at 8% for any interest period.

The payout at maturity will be par.

The notes will price and settle in April.

Citigroup Global Markets Inc. is the underwriter.

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