New Issue: Citigroup sells $7.71 million 12% ELKS linked to SanDisk

By Susanna Moon

Chicago, Jan. 12 - Citigroup Funding Inc. priced $7.71 million of 12% Equity LinKed Securities due July 13, 2010 based on the performance of SanDisk Corp. stock, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10.00 unless SanDisk stock falls by 40% or more during the life of the notes, in which case investors will receive a number of SanDisk shares equal to $10.00 divided by the initial share price.

Citigroup Global Markets is the underwriter.

Issuer:	Citigroup Funding Inc.
Issue:	Equity LinKed Securities
Underlying stock:	SanDisk Corp. (Nasdaq: SNDK)
Amount:	$7,707,000
Maturity:	July 13, 2010
Coupon:	12%
Price:	Par of $10.00
Payout at maturity:	If SanDisk stock falls below the trigger price of $18.678 during the life of the notes, 0.3212 of a SanDisk share for each ELKS; otherwise, par
Initial share price:	$31.13
Trigger price:	$18.678, or 60% of initial price
Pricing date:	Jan. 8
Settlement date:	Jan. 13
Underwriter:	Citigroup Global Markets
Fees:	2.25%
Cusip:	17314V726

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