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Published on 3/28/2012 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $7.04 million buffered digital plus notes linked to Dow

By Angela McDaniels

Tacoma, Wash., March 28 - Citigroup Funding Inc. priced $7.04 million of 0% buffered digital plus notes due Sept. 25, 2015 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial level, the payout at maturity will be par plus the greater of the index return and 27%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

Citigroup Global Markets Inc. is the underwriter.

Issuer:Citigroup Funding Inc.
Issue:Buffered digital plus notes
Underlying index:Dow Jones industrial average
Amount:$7,035,000
Maturity:Sept. 25, 2015
Coupon:0%
Price:Par
Payout at maturity:Par plus greater of index return and 27% if final index level is greater than initial level; par if index declines by 10% or less; 1% loss for every 1% that index declines beyond 10%
Initial index level:13,241.63
Pricing date:March 26
Settlement date:March 29
Underwriter:Citigroup Global Markets Inc.
Fees:3%
Cusip:1730T0WJ4

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