New Issue: Citigroup prices $5 million 11.55% callable yield notes on S&P 500, Russell

By Susanna Moon

Chicago, Nov. 14 - Citigroup Funding Inc. priced $5 million of 11.55% callable yield notes due May 16, 2013 linked to S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable quarterly.

The payout at maturity will be par unless either index finishes at or below its knock-in level - 50% of its initial level - in which case investors will receive par plus the return of the worst-performing component, up to a maximum payout of par.

The notes will be callable at par on any interest payment date after one year.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Funding Inc.
Issue:	Callable yield notes
Underlying components:	Russell 2000 index, S&P 500 index
Amount:	$5 million
Maturity:	May 16, 2013
Coupon:	11.55%, payable quarterly
Price:	Par
Payout at maturity:	Par unless either component ever finishes at or below knock-in level, in which case par plus return of worst-performing component, capped at par
Initial levels:	744.64 for Russell, 1,263.85 for S&P
Knock-in levels:	372.32 for Russell, 631.93 for S&P; 50% of initial levels
Call option:	At par on any interest payment date
Pricing date:	Nov. 11
Settlement date:	Nov. 16
Agent:	Citigroup Global Markets Inc.
Fees:	0.55%
Cusip:	1730T0QK8

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