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Citigroup plans to price 5.75%-6.25% coupon notes linked to S&P 500
By Toni Weeks
San Diego, June 15 - Citigroup Funding Inc. plans to price 5.75% to 6.25% market-linked coupon notes due July 23, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The exact coupon will be set at pricing. Interest is payable quarterly.
If the index falls by up to 40% of the initial index level, the payout at maturity will be par. Otherwise, investors will be fully exposed to losses from the initial level.
The notes (Cusip: 1730T0YA1) are expected to price July 18 and settle three days later.
Citigroup Global Markets Inc. is the underwriter.
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