New Issue: Citigroup prices $2.22 million PLUS linked to Dow Jones - UBS Commodity index

By E. Janene Geiss

Philadelphia, April 28 - Citigroup Funding Inc. priced $2.22 million of 0% Performance Leveraged Upside Securities due Oct. 27, 2011 linked to the Dow Jones - UBS Commodity index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any increase in the index level, subject to a maximum return of $1,180 per par. Investors will be fully exposed to any index decline.

Citigroup Global Markets Inc. is the underwriter. It will pay a selling concession to Morgan Stanley Smith Barney LLC.

Issuer:	Citigroup Funding Inc.
Issue:	Performance Leveraged Upside Securities
Underlying index:	Dow Jones - UBS Commodity index
Amount:	$2,219,000
Maturity:	Oct. 27, 2011
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus triple any index gain, up to maximum return of 18%; full exposure to any index decline
Initial index level:	133.3635
Pricing date:	April 27
Settlement date:	April 30
Underwriter:	Citigroup Global Markets Inc.
Fees:	2%
Cusip:	17308CNU6

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