New Issue: Citigroup prices $51.75 million 0% notes linked to S&P 500

New York, June 28 - Citigroup Funding Inc. priced $51.75 million 0% principal-protected notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

At maturity holders will receive par plus the return on the underlying index, averaged once a month over the life of the notes. Holders will not receive less than par.

Citigroup was the underwriter.

Issuer:	Citigroup Funding Inc.
Issue:	Principal-protected equity-linked senior notes
Underlying index:	S&P 500
Amount:	$51.75 million
Maturity:	Dec. 30, 2008
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus amount by return on index is above zero, averaged once a month over life of notes; minimum payout of par
Pricing date:	June 24
Settlement date:	June 29
Underwriter:	Citigroup
Listing:	"PTS" on American Stock Exchange

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