New Issue: Citigroup prices $6 million 14.9% ELKS linked to Netflix

New York, Oct. 1 - Citigroup Funding Inc. priced $6. million of 14.9% Equity LinKed Securities due April 1, 2011 linked to Netflix, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Netflix shares fall below the protection price of $110.91, 65% of the initial price of $170.63, during the life of the notes and finish below the initial price in which case the payout will be 0.05861 shares of Netflix stock.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Funding Inc.
Issue:	Equity LinKed Securities
Underlying stock:	Netflix, Inc. (Symbol: NFLX)
Amount:	$6. million
Maturity:	April 1, 2011
Coupon:	14.9%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Netflix shares fall below the protection price of $110.91, 65% of the initial price, and finish below the initial price, in which case 0.05861 shares of Netflix stock
Initial price:	$170.63
Protection price:	$110.91, 65% of $170.63
Exchange ratio:	0.05861
Pricing date:	Sept. 29
Settlement date:	Oct. 4
Agent:	Citigroup Global Markets Inc.
Fees:	1.2%
Cusip:	17316G776

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