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Published on 2/26/2007 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $21.25 million 0% Lasers linked to index basket

By Angela McDaniels

Seattle, Feb. 26 - Citigroup Funding Inc. priced a $21.25 million issue of 0% Index Leading Stockmarket Return Securities (Lasers) due Feb. 25, 2010 linked to equal weights of the Dow Jones Euro Stoxx 50 index, Nikkei 225 Stock Average and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 140% of any gain on the basket.

If the final basket level is below the initial basket level, the payout will be par unless the basket level declined by 25% or more during the life of the Lasers, in which case investors will be fully exposed to the decline in the basket.

Issuer:Citigroup Funding Inc.
Issue:Index Leading Stockmarket Return Securities (Lasers)
Underlying indexes:Dow Jones Euro Stoxx 50, Nikkei 225 Stock Average, S&P 500
Amount:$21.25 million
Maturity:Feb. 25, 2010
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 140% of any basket gain; par if final basket level is below the initial basket level, but the basket did not decline by 25% or more during the life of the Lasers; full exposure to basket decline if final basket level is below the initial basket level and the basket fell by 25% or more during the life of the Lasers
Pricing date:Feb. 22
Settlement date:Feb. 27
Agent:Citigroup Global Markets Inc.
Agent fees:2.25%
Listing:"IBF" on the American Stock Exchange

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