New Issue: Citigroup prices $3.62 million PLUS linked to Dow Jones - UBS Commodity index

By Angela McDaniels

Tacoma, Wash., Dec. 23 - Citigroup Funding Inc. priced $3.62 million of 0% Performance Leveraged Upside Securities due June 28, 2011 linked to the Dow Jones - UBS Commodity Index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any index gain, subject to a maximum return of 27%. Investors will be exposed to any index decline.

Citigroup Global Markets Inc. is the underwriter with Morgan Stanley Smith Barney LLC as co-agent.

Issuer:	Citigroup Funding Inc.
Issue:	Performance Leveraged Upside Securities
Underlying index:	Dow Jones - UBS Commodity index
Amount:	$3,624,000
Maturity:	June 28, 2011
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus triple any index gain, up to maximum return of 27%; exposure to any index decline
Initial index level:	134.8537
Pricing date:	Dec. 22
Settlement date:	Dec. 28
Underwriter:	Citigroup Global Markets Inc. with co-agent Morgan Stanley Smith Barney LLC
Fees:	2%

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