New Issue: Citigroup prices $11.25 million 8.4% Elks linked to Texas Instruments

By Angela McDaniels

Seattle, Feb. 24 - Citigroup Funding Inc. priced $11.25 million of 8.4% Elks (equity-linked securities) due March 14, 2007 linked to Texas Instruments Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par in cash, unless Texas Instruments stock trades below $24.04, 77.5% of its initial price, at any time, in which case payout will be 0.32237 shares of Texas Instruments stock.

Issuer:	Citigroup Funding Inc.
Issue:	Elks (equity-linked securities) medium-term notes
Underlying stock:	Texas Instruments Inc.
Amount:	$11.25 million
Maturity:	March 14, 2007
Interest:	8.4%
Price:	Par of $10.00
Payout at maturity:	Par in cash unless Texas Instruments trades below 77.5% of the initial price at any time, in which case 0.32237 shares of Texas Instruments stock
Exchange price:	$31.02
Exchange ratio:	0.32237
Trigger price:	$24.04, 77.5% of initial price of $31.02
Pricing date:	Feb. 22
Settlement date:	Feb. 27
Underwriter:	Citigroup
Listing:	"EET" on American Stock Exchange

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