New Issue: Citigroup prices $6.14 million contingent return optimization notes on S&P 500

By Susanna Moon

Chicago, March 29 - Citigroup Funding Inc. priced $6.14 million of 0% contingent return optimization securities due March 31, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the 70% trigger level, the payout at maturity will be par of $10.00 plus the greater of the 6% contingent return and any index gain, up to a maximum return of $12.744 per note.

Otherwise, investors will be fully exposed to any losses.

Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.

Issuer:	Citigroup Funding Inc.
Issue:	Contingent return optimization securities
Underlying index:	S&P 500
Amount:	$6,139,690
Maturity:	March 31, 2014
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index falls by up to 30%, par plus greater of 6% and any gain, capped at 27.44%; otherwise, full exposure to any losses
Initial level:	1,412.52
Trigger level:	988.76, 70% of initial level
Pricing date:	March 27
Settlement date:	March 30
Agents:	Citigroup Global Markets Inc. (lead), UBS Financial Services Inc.
Fees:	2%
Cusip:	17318Q202

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