New Issue: Citigroup prices $93.9 million 7% Elks exchangeable for Altera

New York, Oct. 5 - Citigroup Funding Inc. priced $93.9 million 7% Elks (equity-linked securities) due Oct. 23, 2006 linked to Altera Corp. common stock, 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:	Altera Corp.
Amount:	$93.9 million
Maturity:	Oct. 23, 2006
Interest:	7%, payable quarterly
Price:	Par of $18.78
Payout at maturity:	One share of Altera stock, capped at $21.60 per $18.78 principal amount, 15% above initial price
Pricing date:	Sept. 29
Settlement date:	Oct. 6
Underwriter:	Citigroup

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