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Citigroup to price buffer notes due 2014 linked to SPDR Gold Trust
By Angela McDaniels
Tacoma, Wash., Jan. 31 - Citigroup Funding Inc. plans to price 0% buffer notes due Feb. 13, 2014 linked to the SPDR Gold Trust, according to a 424B2 filing with the Securities and Exchange Commission.
If the final share price is greater than the initial share price, the payout at maturity will be par plus 200% of the increase, subject to a maximum payment of $1,320 to $1,360 per note. The exact cap will be set at pricing. Investors will receive par if the share price declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
The notes (Cusip: 1730T0VX4) are expected to price Feb. 10 and settle three business days later.
Citigroup Global Markets Inc. is the underwriter.
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