New Issue: Citigroup prices $45 million 10.75% Elks exchangeable for CVRD

New York, Nov. 25 - Citigroup Funding Inc. priced $45 million of 10.75% Elks (equity-linked securities) due Dec. 8, 2006 linked to the American Depositary Receipts of Companhia Vale do Rio Doce, according to a 424B3 filing with the Securities and Exchange Commission.

Issuer:	Citigroup Funding Inc.
Issue:	Elks (equity-linked securities) medium-term notes, series A
Underlying stock:	Companhia Vale do Rio Doce American Depositary Receipts
Amount:	$45 million
Maturity:	Dec. 8, 2006
Interest:	10.75%
Price:	Par of $10
Payout at maturity:	Par in cash unless Companhia Vale do Rio Doce trades below 75% of initial price at any time in which case 0.22836 ADRs of Companhia Vale do Rio Doce
Exchange price:	$43.79
Exchange ratio:	0.22836
Trigger price:	$32.84, 75% of initial price of $43.79
Pricing date:	Nov. 22
Settlement date:	Nov. 30
Underwriter:	Citigroup
Listing:	"ECC" on American Stock Exchange

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