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Citigroup to price five-year notes tied to three S&P 500, ETFs baskets
By Marisa Wong
Madison, Wis., Nov. 9 - Citigroup Funding Inc. plans to price 0% notes due November 2015 based on the value of the best performing basket of three global equity baskets, according to a 424B2 filing with the Securities and Exchange Commission.
Each basket comprises the S&P 500 index, the iShares MSCI EAFE index fund and the iShares MSCI Emerging Markets index fund. In each basket, one component will have a weight of 80% and the other two components will be weighted 10% each.
The payout at maturity will be par plus 90% to 100% of the return of the best performing basket, which could be positive or negative.
The exact deal terms for the notes (Cusip: 17316G644) will be set at pricing.
Citigroup Global Markets Inc. is the underwriter.
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