New Issue: Citigroup prices $228,000 buffered digital plus securities on S&P 500

By Marisa Wong

Madison, Wis., May 4 – Citigroup Funding Inc. priced $228,000 of 0% buffered digital plus securities due May 3, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is at least 85% of the initial level, the payout at maturity will be par plus the greater of the index return and the fixed return amount of 17.5%.

Investors will be exposed to any losses beyond the 15% buffer level.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Funding Inc.
Issue:	Buffered digital plus securities
Underlying index:	S&P 500
Amount:	$228,000
Maturity:	May 3, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is at least 85% of initial level, par plus greater of index return and 17.5%; exposure to any losses beyond 15% buffer
Initial index level:	2,114.76
Pricing date:	April 28
Settlement date:	April 30
Underwriter:	Citigroup Global Markets Inc.
Fees:	3.45%
Cusip:	1730T06W4

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