Citigroup to price securities linked to Halliburton stock

By Jennifer Chiou

New York, July 16 - Citigroup Funding Inc. plans to price equity-linked securities due 2008 linked to the common stock of Halliburton Co., according to an FWP filing with the Securities and Exchange Commission.

The securities have a coupon of 8.5% to 9.5%. The exact coupon price will be determined at pricing, which is scheduled for August.

The payout at maturity will be par of $10.00 unless Halliburton stock falls by 20% or more during the life of the securities, in which case investors will receive a number of Halliburton shares equal to $10.00 divided by the initial share price or, at the holder's option, the equivalent cash value.

Citigroup Global Markets Inc. will be the underwriter.

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