Citigroup to price principal-protected notes linked to six Asian currencies

By E. Janene Geiss

Philadelphia, June 25 - Citigroup Funding Inc. plans to price zero-coupon principal-protected notes due July 2010 linked to a basket of six Asian currencies against the dollar, according to an FWP filing with the Securities and Exchange Commission.

The basket consists of equal weights (16.666%) of the Malaysian ringgit, Indonesian rupiah, Singapore dollar, Thai baht, Indian rupee and Philippine peso.

Payout at maturity will be par plus any gain on the basket currencies versus the dollar, multiplied by a participation rate of 220% to 260%. The exact participation rate will be set at pricing.

Investors will receive at least par.

The notes will price and settle in July.

Citigroup Global Markets Inc. will be the underwriter.

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