New Issue: Citigroup prices $8.49 million Index Lasers due 2014 linked to Russell

By Toni Weeks

San Diego, Jan. 30 - Citigroup Funding Inc. priced $8.49 million of 0% Index Leading Stockmarket Return Securities due January 30, 2014 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above the downside threshold level - 70% of the initial level - the payout at maturity will be par plus the greater of the 16% upside payment and any index gain, subject to a maximum return of 50%.

Otherwise, the payout will be par plus the index return with exposure to losses.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Funding Inc.
Issue:	Index Leading Stockmarket Return Securities
Underlying index:	Russell 2000
Amount:	$8,494,000
Maturity:	Jan. 30, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If index closes above 70% of initial level, par plus greater of index return and 16%; otherwise par plus index return; maximum payment of $1,500 per $1,000 note
Initial level:	792.91
Trigger level:	555.037, 70% of initial level
Pricing date:	Jan. 26
Settlement date:	Jan. 31
Agent:	Citigroup Global Markets Inc. Inc.
Fees:	1.25%
Cusip:	1730T0QZ5

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