New Issue: Citigroup prices $10.37 million range accrual notes linked to Russell 2000, Libor

By Toni Weeks

San Diego, Aug. 25 - Citigroup Funding Inc. priced $10.37 million of callable range accrual notes due Aug. 26, 2026 linked to the Russell 2000 index and Libor, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be 8% for the first year. After that, it will accrue at 8% per year on each day that the Russell 2000 closes at or above 491.81 and Libor is 6.5% or less. Interest is payable quarterly.

The payout at maturity will be par.

The notes will be callable at par on any interest payment date after one year.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Funding Inc.
Issue:	Callable range accrual notes
Underlying components:	Russell 2000 index, Libor
Amount:	$10,367,000
Maturity:	Aug. 26, 2026
Coupon:	8% for the first year; beginning Aug. 26, 2012, 8% per year on each day that Russell 2000 closes at or above 491.81 and Libor is 6.5% or less; payable quarterly
Price:	Par
Payout at maturity:	Par
Initial level:	683.07
Call option:	At par on any interest payment date beginning Aug. 26, 2012
Pricing dates:	Aug. 23
Settlement date:	Aug. 26
Agent:	Citigroup Global Markets Inc.
Fees:	3.5%
Cusip:	1730T0NJ4

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