Citigroup plans to sell protected notes tied to Consumer Price Index

By Susanna Moon

Chicago, June 4 - Citigroup Funding Inc. plans to price non-callable principal-protected notes due June 24, 2020 based on the performance of the Consumer Price Index, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be 6% for the first year. After that, the rate will be the year-over-year change in the index, up to a cap of 8% per year in each interest period. Interest is payable monthly and cannot be less than zero.

The payout at maturity will be par.

The notes will settle on June 24.

Citigroup Global Markets Inc. is the underwriter.

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