New Issue: Citigroup prices $5.4 million index-linked notes due 2015 on S&P 500

By Marisa Wong

Milwaukee, June 4 - Citigroup Funding Inc. priced $5.4 million of 0% index-linked notes due June 5, 2015 based on the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $1,000 plus 146% of any index gain. Investors will receive par if the index falls by up to 40% and will be fully exposed to any decline if the index falls beyond 40%.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Funding Inc.
Issue:	Index-linked notes
Underlying index:	S&P 500
Amount:	$5.4 million
Maturity:	June 5, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 146% of any index gain; par if index falls by up to 40%; full exposure to losses if index falls beyond 40%
Initial index level:	1,098.38
Pricing date:	June 2
Settlement date:	June 7
Underwriter:	Citigroup Global Markets Inc.
Fees:	3.5%
Cusip:	17308CPD2

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