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Citigroup plans to price Lasers linked to S&P 500 index
By Toni Weeks
San Diego, Feb. 3 - Citigroup Funding Inc. plans to price 0% Index Leading Stockmarket Return Securities due February 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above 80% of its initial level, the payout at maturity will be par plus the greater of the index return and an upside payment of 15% to 20%. Otherwise, the payout will be par plus the index return with full exposure to losses from the initial level.
The exact terms will be set at pricing.
The notes (Cusip: 1730T0WB1) are expected to price Feb. 23.
Citigroup Global Markets Inc. will be the underwriter.
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