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Citigroup plans buffered PLUS linked to iShares MSCI Emerging Markets
By Marisa Wong
Milwaukee, April 26 - Citigroup Funding Inc. plans to price 0% buffered Performance Leveraged Upside Securities due May 29, 2012 linked to the iShares MSCI Emerging Markets index fund, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus double any increase in the exchange-traded fund's share price, subject to a maximum return of 20% to 24% that will be set at pricing. Investors will receive par if the share price declines by 10% or less and will be exposed to any decline beyond 10%.
The notes are expected to price May 24 and settle three business days later.
Citigroup Global Markets Inc. is the underwriter.
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