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Citigroup plans to price PLUS linked to S&P GSCI Grains index
By Toni Weeks
San Diego, April 27 - Citigroup Funding Inc. plans to price 0% Performance Leveraged Upside Securities due June 27, 2012 linked to the S&P GSCI Grains Index - Excess Return, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any gain in the index, up to a maximum payment of $1,200 to $1,240 per $1,000 security.
Investors will be fully exposed to losses.
The securities (Cusip: 1730T0MF3) are expected to price and settle in May.
Citigroup Global Markets Inc. will be the underwriter.
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