Citigroup plans to price notes due 2010 linked to eight currencies

By Jennifer Chiou

New York, Nov. 6 - Citigroup Funding Inc. plans to price 0% notes due 2010 linked to the performance of a basket of currencies relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes equal weights of the Brazilian real, Russian ruble, Indonesian rupiah, Chinese yuan, Taiwan dollar, Australian dollar, Israeli shekel and Turkish lira.

If the basket appreciates relative to the dollar, the payout at maturity will be 95% of par plus 170% to 190% of the basket gain, with the exact percentage will be set at pricing.

If the basket depreciates relative to the dollar, the payout will be 95% of par.

Citigroup Global Markets Inc. is the underwriter.

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