New Issue: Citigroup prices $15.5 million 0% notes linked to Russell 1000

By Jennifer Chiou

New York, Aug. 29 - Citigroup Funding Inc. priced $15.5 million 0% principal-protected notes linked to the Russell 1000 Growth 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.

Issuer:	Citigroup Funding Inc.
Issue:	Principal-protected equity-linked senior notes
Underlying index:	Russell 1000
Amount:	$15.5 million
Maturity:	March 2, 2009
Coupon:	0%
Price:	Par
Initial index value:	494.88
Payout at maturity:	Par plus amount based on positive index return, averaged once a month over life of notes; minimum payout of par
Pricing date:	Aug. 25
Settlement date:	Aug. 30
Underwriter:	Citigroup
Listing:	"PLR" on American Stock Exchange

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