Citigroup plans to price 0.5% market-linked notes linked to Dow

By Angela McDaniels

Tacoma, Wash., Nov. 2 - Citigroup Funding Inc. plans to price 0.5% market-linked notes due Nov. 28, 2017 linked to the Dow Jones industrial average, according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable semiannually.

The payout at maturity will be par plus 105% to 115% of the index return, subject to a minimum payout of par. The exact participation rate will be set at pricing.

The final index level will be the average of its closing levels on the 24 quarterly evaluation dates.

The notes (Cusip: 1730T0QC6) are expected to price Nov. 22 and settle three business days later.

Citigroup Global Markets Inc. is the underwriter.

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