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Citigroup plans to price Lasers linked to S&P 500 index
By Angela McDaniels
Tacoma, Wash., Sept. 2 - Citigroup Funding Inc. plans to price 0% Index Leading Stockmarket Return Securities due 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index's closing level is greater than 70% of the initial index level throughout the life of the notes, the payout at maturity will be par plus the greater of the index return and a fixed percentage of 28% to 35%. Otherwise, the payout will be par plus the index return, which could be positive or negative.
The exact fixed percentage will be set at pricing.
The notes (Cusip: 17308CQG4) are expected to price in September.
Citigroup Global Markets Inc. is the agent.
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