Citigroup corrects Cusip for 9.75%-10.25% ELKS linked to Dow Chemical

By Angela McDaniels

Tacoma, Wash., Dec. 2 - Citigroup Funding Inc. said the Cusip for its upcoming Equity LinKed Securities due June 22, 2011 linked to the common stock of Dow Chemical Co. is 1730T0LJ6.

The previous filing for the deal did not include the correct Cusip, according to an amended FWP filing with the Securities and Exchange Commission.

The six-month notes will carry an annualized coupon of 9.75% to 10.25%. The exact coupon will be set at pricing. Interest will be payable monthly.

The payout at maturity will be par of $10 unless Dow Chemical shares fall to or below 80% of the initial price during the life of the notes, in which case the payout will be a number of shares of Dow Chemical stock equal to $10 divided by the initial price or, at each holder's option, a cash amount equal to the value of those shares.

The securities are expected to price Dec. 17 and settle Dec. 22.

Citigroup Global Markets Inc. is the underwriter.

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