New Issue: Citigroup prices $43.5 million 8% ELKS linked to Schlumberger

New York, Nov. 29 - Citigroup Funding, Inc. priced $43.5 million of 8% Equity LinKed Securities due May 25, 2011 linked to Schlumberger Ltd. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Schlumberger shares fall below the protection price of $60.35, 80% of the initial price of $75.44, during the life of the notes and finish below the initial price in which case the payout will be 0.13256 shares of Schlumberger stock.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Funding, Inc.
Issue:	Equity LinKed Securities
Underlying stock:	Schlumberger Ltd. (Symbol: SLB)
Amount:	$43.5 million
Maturity:	May 25, 2011
Coupon:	8%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Schlumberger shares fall below the protection price of $60.35, 80% of the initial price, and finish below the initial price, in which case 0.13256 shares of Schlumberger stock
Initial price:	$75.44
Protection price:	$60.35, 80% of $75.44
Exchange ratio:	0.13256
Pricing date:	Nov. 23
Settlement date:	Nov. 29
Agent:	Citigroup Global Markets Inc.
Fees:	1.5%
Cusip:	17316G677

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