New Issue: Citigroup prices $3 million 1% protected market-linked notes on four-currency basket

By Toni Weeks

San Diego, May 24 - Citigroup Funding Inc. priced $3 million of 1% market-linked notes due May 25, 2016 linked to an equally weighted basket of four currencies relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying currencies are the Brazilian real, Russian ruble, Indian rupee and Chinese yuan.

Interest is payable semiannually.

If the final basket level is greater than the initial basket level, the payout at maturity will be par plus 2.5 times the gain in the basket. Investors will receive a minimum of par.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Funding Inc.
Issue:	Market-linked notes
Underlying currencies:	Brazilian real, Russian ruble, Indian rupee, Chinese yuan
Amount:	$3 million
Maturity:	May 25, 2016
Coupon:	1%, payable semiannually
Price:	Par
Payout at maturity:	If final basket level is greater than initial basket level, par plus 250% of basket return; minimum of par
Initial exchange rates:	1.6169 for real, 27.9044 for ruble, 44.93 for rupee, 6.4983 for yuan
Pricing date:	May 20
Settlement date:	May 25
Underwriter:	Citigroup Global Markets Inc.
Fees:	3.5%
Cusip:	1730T0MP1

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