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Published on 3/11/2011 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $4.05 million notes due 2013 tied to four currencies

By Jennifer Chiou

New York, March 11 - Citigroup Funding Inc. priced $4.05 million of 0% notes due March 18, 2013 linked to the performance of a basket of currencies relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes equal weights of the Brazilian real, Indian rupee, Chinese yuan and Singapore dollar.

If the basket return is positive, the payout at maturity will be par plus 260% of the gain.

Investors will be exposed to the decline if the basket return is negative, subject to a minimum payout of $900 per $1,000 principal amount of notes.

Citigroup Global Markets Inc. is the agent.

Issuer:Citigroup Funding Inc.
Issue:Currency-linked notes
Underlying assets:Equal weights of the Brazilian real, Indian rupee, Chinese yuan and Singapore dollar, all against U.S. dollar
Amount:$4.05 million
Maturity:March 18, 2013
Coupon:0%
Price:Par
Payout at maturity:Par plus 260% of positive basket return; investors share in up to 10% of losses
Initial rates:1.6559 for real; 45.02 for rupee; 6.5748 for yuan; 1.2687 for Singapore dollar
Pricing date:March 9
Settlement date:March 14
Agent:Citigroup Global Markets Inc.
Fees:1.5%
Cusip:1730T0LT4

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