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Published on 9/28/2010 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $9 million Index Lasers linked to Euro Stoxx 50

By Jennifer Chiou

New York, Sept. 28 - Citigroup Funding Inc. priced $9 million of 0% Index Leading Stockmarket Return Securities due Sept. 27, 2013 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the closing index value is above 70% of the initial level, the payout at maturity will be par plus the greater of the index return and 23%.

If the index finishes at or below 70% of its initial level, the payout will be par plus the index return, which could be positive or negative.

Citigroup Global Markets Inc. is the underwriter.

Issuer:Citigroup Funding Inc.
Issue:Index Leading Stockmarket Return Securities
Underlying index:Euro Stoxx 50
Amount:$9 million
Maturity:Sept. 27, 2013
Coupon:0%
Price:Par
Payout at maturity:Par plus greater of index return and 23% if index finishes above 70% of initial level; otherwise, par plus index return
Initial index level:2,792.75
Threshold level:1,954.93, 70% of initial level
Pricing date:Sept. 24
Settlement date:Sept. 29
Underwriter:Citigroup Global Markets Inc.
Fees:1.5%
Cusip:17308CQF6

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