Citigroup to price 0% PLUS due June 2012 linked to S&P 500 index

By Jennifer Chiou

New York, Nov. 22 - Citigroup Funding Inc. plans to price 0% Performance Leveraged Upside Securities due June 27, 2012 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus double the index return, subject to a maximum payment of $10.80 to $11.20 per note.

Investors will share in any losses.

The notes (Cusip: 17317U436) are expected to price on Dec. 22.

Citigroup Global Markets Inc. is the underwriter.

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