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Published on 4/26/2011 in the Prospect News Structured Products Daily.

Citigroup plans six-month 8%-10% ELKS linked to Barclays shares

By Susanna Moon

Chicago, April 26 - Citigroup Funding Inc. plans to price 8% to 10% annualized Equity LinKed Securities due Nov. 23, 2011 linked to Barclays plc American Depository Shares, according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The payout at maturity will be par of $10 unless Barclays shares fall to or below 80% of the initial price during the life of the notes, in which case the payout will be a number of Barclays ADRs equal to $10 divided by the initial price or, at the investor's option, a cash amount equal to the value of those ADRs.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on May 24 and settle three days later.

The Cusip is 17317U204.


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