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Prospect News home > News index > List of issuers C > Headlines for Citigroup Funding Inc. > News item
Published on 9/28/2010 in the Prospect News Structured Products Daily.

Citigroup plans six-year ELKs tied to Dow Jones Industrial Average

By Jennifer Chiou

New York, Sept. 28 - Citigroup Funding Inc. plans to price 0% Equity LinKed Securities due Oct. 27, 2016 linked to the Dow Jones Industrial Average, according to an FWP with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain, capped at 50% to 60%, with the exact cap to be set at pricing. Investors will receive at least par.

The securities (Cusip: 17316G784) will price and settle in October.

Citigroup Global Markets Inc. is the underwriter.


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