Citigroup plans 8%-10% single observation ELKS linked to Facebook

By Toni Weeks

San Luis Obispo, Calif., Dec. 3 - Citigroup Inc. plans to price 8% to 10% single observation Equity Linked Securities due June 20, 2014 linked to the common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly. The exact interest rate will be set at pricing.

If the final share price is at least 75% of the initial share price, the payout at maturity will be par of $1,000. If the final share price is less than 75% of the initial share price, the payout will be a number of Facebook shares equal to $1,000 divided by the initial share price or, at the issuer's option, an amount in cash equal to the value of those shares.

Citigroup Global Markets Inc. is the underwriter.

The notes are expected to price Dec. 17 and settle three business days after that.

The Cusip number is 1730T0D89.

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