Citigroup plans to sell 0% PLUS due 2013 linked to S&P 500 index

By Marisa Wong

Madison, Wis., Feb. 29 - Citigroup Funding Inc. plans to price 0% Performance Leveraged Upside Securities due April 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any increase in the index, subject to a maximum return of 8.5% to 10.5%. The exact cap will be set at pricing.

If the final index level is less than the initial index level, investors will be fully exposed to the decline.

The notes (Cusip: 17317U154) are expected to price on March 29 and settle three days after that.

Citigroup Global Markets Inc. is the underwriter.

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