New Issue: Citigroup prices $34.64 million 0% trigger PLUS linked to S&P 500

By Toni Weeks

San Diego, Aug. 26 - Citigroup Funding Inc. priced $34.64 million of 0% trigger Performance Leveraged Upside Securities due Aug. 30, 2016 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 155% of the index return.

Investors will receive par if the index falls by up to 50% and will be fully exposed to losses from the initial level if the index falls by 50% or more.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Funding Inc.
Issue:	Trigger Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$34,635,000
Maturity date:	Aug. 30, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 155% of gain in index; par if index falls by up to 50%; full exposure to losses from initial level if index falls by 50% or more
	Initial level:	1,159.27
Trigger value:	50% of initial value
Pricing date:	Aug. 25
Settlement date:	Aug. 30
Underwriter:	Citigroup Global Markets Inc.
Fees:	3.5%, used for selling concessions
Cusip:	17317U683

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