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Published on 8/29/2012 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $3.58 million buffered digital plus notes on the Dow

By Marisa Wong

Madison, Wis., Aug. 29 - Citigroup Funding Inc. priced $3.58 million of 0% buffered digital plus securities due Feb. 26, 2016 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 or equal to the initial level, the payout at maturity will be par plus the greater of the index return and the fixed return amount of 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 agent.

Issuer:Citigroup Funding Inc.
Issue:Buffered digital plus securities
Underlying index:Dow Jones industrial average
Amount:$3,583,000
Maturity:Feb. 26, 2016
Coupon:0%
Price:Par
Payout at maturity:If index return is zero or positive, par plus greater of index return and 27%; par if index falls by up to 10%; 1% loss for every 1% decline beyond 10%
Initial level:13,124.67
Pricing date:Aug. 27
Settlement date:Aug. 30
Underwriter:Citigroup Global Markets Inc.
Fees:3%
Cusip:1730T0YH6

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