Citigroup plans to price 0% capped trigger PLUS linked to S&P 500

By Toni Weeks

San Diego, Oct. 4 - Citigroup Funding Inc. plans to price 0% trigger Performance Leveraged Upside Securities due October 2013 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any gain in the index, subject to a maximum payout of $14.00 to $14.20 per note.

Investors will receive par if the index falls by up to 20% and will be fully exposed to losses if it declines more than 20%.

The notes (Cusip: 17317U568) are expected to price Oct. 5.

Citigroup Global Markets Inc. will be the underwriter.

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