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Citigroup to price buffer notes due 2013 linked to S&P 500 index
By Jennifer Chiou
New York, Jan. 4 - Citigroup Funding Inc. plans to price 0% buffer notes due July 30, 2013 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 plus 125% of the gain, capped at 22% to 27%.
Investors will receive par for losses up to 10% and will share in losses beyond the buffer.
The notes (Cusip: 1730T0VN6) are expected to price on Jan. 25.
Citigroup Global Markets Inc. will be the underwriter.
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