New Issue: Citigroup prices $6 million principal-protected notes linked to Asian currencies

By Angela McDaniels

Tacoma, Wash., July 28 - Citigroup Funding Inc. priced $6 million of zero-coupon principal-protected notes due July 29, 2010 linked to a basket of currencies, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes equal weights of the Malaysian ringgit, Indonesian rupiah, Singapore dollar, Thai baht, Indian rupee and Philippine peso.

The payout at maturity will be par plus 240% of any appreciation in the basket relative to the U.S. dollar. If the basket depreciates relative to the U.S. dollar, the payout will be par.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Funding Inc.
Issue:	Principal-protected notes
Underlying currencies:	Malaysian ringgit, Indonesian rupiah, Singapore dollar, Thai baht, Indian rupee and Philippine peso, equally weighted
Amount:	$6 million
Maturity:	July 29, 2010
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 240% of any basket gain versus U.S. dollar; par if basket weakens versus U.S. dollar
Initial exchange rates:	3.2426 ringgits per U.S. dollar, 9,137 rupiah per U.S. dollar, 1.3643 Singapore dollars per U.S. dollar, 33.46 baht per U.S. dollar, 41.96 rupees per U.S. dollar, 42.973 pesos per U.S. dollar
Pricing date:	July 24
Settlement date:	July 29
Underwriter:	Citigroup Global Markets Inc.
Fees:	None

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