Citigroup to price two-year trigger jump securities linked to gold

By Angela McDaniels

Tacoma, Wash., Sept. 14 - Citigroup Funding Inc. plans to price 0% trigger jump securities due Sept. 29, 2014 linked to the price of gold, according to a 424B2 filing with the Securities and Exchange Commission.

If the final gold price is greater than the initial gold price, the payout at maturity will be par plus the greater of the fixed return amount and the gold return, subject to a maximum return of 30%. The fixed return amount is expected to be 15% to 19% and will be set at pricing.

If the final gold price is 90% to 100% of the initial price, the payout will be par. If the final gold price is less than 90% of the initial price, investors will be fully exposed to the decline from the initial price.

The notes are expected to price Sept. 28 and settle Oct. 3.

Citigroup Global Markets Inc. is the underwriter.

The Cusip number is 1730T0YY9.

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