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Citigroup to price digital securities tied to iShares DJ real estate fund
By Jennifer Chiou
New York, Sept. 5 - Citigroup Funding Inc. plans to price 0% digital securities due March 27, 2014 linked to the iShares Dow Jones U.S. Real Estate index fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial level, the payout at maturity will be par plus the 18% to 22% fixed return. The exact fixed return will be set at pricing.
Investors will share in losses.
The notes (Cusip: 1730T0YR4) are expected to price on Sept. 24.
Citigroup Global Markets Inc. is the underwriter.
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