New Issue: Citigroup prices $50 million 0% notes linked to basket of currencies

By Jennifer Chiou

New York, Dec. 15 - Citigroup Funding Inc. issued $50 million of 0% principal-protected notes due Dec. 19, 2008 linked to a basket of currencies, according to a 424B2 filing with the Securities and Exchange Commission.

Underlying the notes is a basket of the Australian dollar, Canadian dollar, Mexican peso and Brazilian real, each equally weighted.

The basket return is based on the percentage change of each of the currencies relative to the dollar. At maturity, investors will receive par plus double the average basket return with a minimum gain of 4%.

Citigroup is the underwriter.

Issuer:	Citigroup Funding Inc.
Issue:	Principal-protected medium-term notes
Underlying currencies:	Equally weighted Australian dollar, Canadian dollar, Mexican peso, Brazilian real
Amount:	$50 million
Maturity:	Dec. 19, 2008
Coupon:	0%
Price:	Par
Payout at maturity:	Based on the percentage change of each of the currencies relative to the dollar, par plus double the average basket return, minimum of 4% gain
Pricing date:	Dec. 13
Settlement date:	Dec. 19
Underwriter:	Citigroup

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