New Issue: Citigroup prices $23.2 million principal-protected notes linked to currency basket

By Laura Lutz

Des Moines, Feb. 12 - Citigroup Funding Inc. priced $23.2 million of zero-coupon principal-protected notes due Aug. 14, 2009 linked to a eight currencies, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Brazilian real with a 15% weight, the Russian ruble with a 15% weight, the Indian rupee with a 15% weight, the Chinese yuan with a 15% weight, the Japanese yen with a 10% weight, the Indonesian rupiah with a 10% weight, the Malaysian ringgit with a 10% weight and the Turkish lira with a 10% weight, all against the dollar.

The payout at maturity will be par plus 125% of any gain on the basket. Investors will receive at least par.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Funding Inc.
Issue:	Principal-protected notes
Underlying basket:	Brazilian real with 15% weight, Russian ruble with 15% weight, Indian rupee with 15% weight, Chinese yuan with 15% weight, Japanese yen with 10% weight, Indonesian rupiah with 10% weight, Malaysian ringgit with 10% weight and Turkish lira with 10% weight, all against dollar
Amount:	$23.2 million
Maturity:	Aug. 14, 2009
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 125% of any basket gain; floor of par
Pricing date:	Feb. 11
Settlement date:	Feb. 14
Underwriter:	Citigroup Global Markets Inc.
Fees:	None

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