Citigroup to price buffered digital plus securities linked to Russell

By Marisa Wong

Madison, Wis., Nov. 30 - Citigroup Funding Inc. plans to price 0% buffered digital plus securities due June 22, 2016 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the initial level, the payout at maturity will be par plus the greater of the 26% fixed return amount and the index return, subject to a maximum return of 50% to 55% that will be set at pricing. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

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 1730T0ZT9.

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