Citigroup changes name of Euro Stoxx notes to geared buffer securities

By Marisa Wong

Madison, Wis., Jan. 30 - Citigroup Funding Inc. changed the name of its planned securities due Feb. 6, 2017 linked to the Euro Stoxx 50 index to "geared buffer securities," according to a 424B2 filing with the Securities and Exchange Commission. According to a previous 424B2 filing, the upcoming deal was for "buffered upturn securities."

All other terms of the offering remain unchanged.

If the final index level is greater than the initial level, the payout at maturity will be par plus 115% to 120% of the index return, with the exact participation rate set at pricing.

Investors will receive par for losses up to 30% and will share in losses at a rate of 1.4286% per 1% drop beyond 30%.

The notes (Cusip: 1730TRL5) are expected to price Feb. 1 and settle three days later.

Citigroup Global Markets Inc. is the underwriter.

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