New Issue: Citigroup prices $57.26 million 15% ELKS linked to Las Vegas Sands

New York, Jan. 27 - Citigroup Funding Inc. priced $57.26 million of 15% Equity LinKed Securities due July 27, 2011 linked to Las Vegas Sands Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Las Vegas Sands shares fall below the protection price of $31.53, 70% of the initial price of $45.04, during the life of the notes and finish below the initial price in which case the payout will be Las Vegas Sands shares equal to $1,000 principal amount divided by the initial price.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Funding Inc.
Issue:	Equity LinKed Securities
Underlying stock:	Las Vegas Sands Corp. (Symbol: LVS)
Amount:	$57.26 million
Maturity:	July 27, 2011
Coupon:	15%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Las Vegas Sands shares fall below the protection price of $31.53, 70% of the initial price, and finish below the initial price, in which case Las Vegas Sands shares equal to $1,000 principal amount divided by the initial price
Initial price:	$45.04
Protection price:	$31.53, 70% of $45.04
Pricing date:	Jan. 25
Settlement date:	Jan. 28
Agent:	Citigroup Global Markets Inc.
Fees:	1.5%
Cusip:	17316G511

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