New Issue: Citigroup prices $31.7 million Pacers linked to PetroChina

By Jennifer Chiou

New York, Oct. 27 - Citigroup Funding Inc. priced $31.7 million of three-year Pacers (Premium mandatory Callable Equity-linked securities) based on PetroChina Co. Ltd. American Depositary Receipts representing H shares, according to a 424B2 document filed with the Securities and Exchange Commission.

Issuer:	Citigroup Funding Inc.
Issue:	Pacers (Premium mandatory Callable Equity-linked securities)
Underlying security:	PetroChina Co. Ltd. ADRs representing H shares
Amount:	$31.7 million
Maturity:	Oct. 30, 2008
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	0.13031 PetroChina ADRs if PetroChina stock closes at $49.88 (65% of initial price of $76.74) or below on any date, otherwise par in cash
Exchange price:	$76.74 (closing price of PetroChina ADRs on pricing date)
Call:	Annually beginning Oct. 26, 2006 if PetroChina ADRs are above initial price of $76.74 at price of $11.45 in 2006, $12.90 in 2007 and $14.35 in 2008
Pricing date:	Oct. 25
Settlement date:	Oct. 28
Underwriter:	Citigroup
Listing:	"CQP" on American Stock Exchange

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