Citigroup to price digital securities linked to Apple common stock

By Angela McDaniels

Tacoma, Wash., Sept. 6 - Citigroup Inc. plans to price 0% digital securities due March 27, 2015 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the final share price is greater than or equal to the initial share price, the payout at maturity will be par plus the fixed return amount, which is expected to be at least 30% and will be set at pricing.

If the final share price is less than the initial share price, investors will lose 1% for every 1% of that decline.

Citigroup Global Markets Inc. is the underwriter.

The notes are expected to price Sept. 24.

The Cusip number is 1730T0VF3.

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