New Issue: Citi prices $7.41 million barrier digital plus notes linked to S&P 500

By Susanna Moon

Chicago, July 29 - Citigroup Inc. priced $7.41 million of 0% enhanced barrier digital plus securities due July 30, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the barrier level - 70% of the initial level - the payout at maturity will be par plus the greater of any index gain and the fixed return of 16%.

Otherwise, investors will be fully exposed to any losses.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Funding Inc.
Issue:	Enhanced barrier digital plus securities
Underlying index:	S&P 500
Amount:	$7,408,000
Maturity:	July 30, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above barrier level, par plus any index gain, floor of 16%; Otherwise, full exposure to losses
Initial level:	1,690.25
Barrier level:	1,183.175, 70% of initial level
Pricing date:	July 25
Settlement date:	July 30
Underwriter:	Citigroup Global Markets Inc.
Fees:	3%
Cusip:	1730T0UE7

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