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Citigroup plans three-year index Lasers based on Euro Stoxx 50 index
By Susanna Moon
Chicago, Sept. 1 - Citigroup Funding Inc. plans to price 0% index Leading Stockmarket Return Securities due 2013 based on the performance of the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above 70% of its initial level, the payout at maturity will be par of $10,000 plus any index gain, with a minimum return of 21% to 25%.
Otherwise, the payout will be par plus the index return with exposure to losses.
The exact terms for the notes (Cusip 17308CQF6) will be set at pricing.
Citigroup Global Markets Inc. is the underwriter.
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