Citigroup to issue principal-protected notes linked to currency basket

By Angela McDaniels

Seattle, Jan. 17 - Citigroup Funding Inc. plans to price zero-coupon principal-protected notes due 2008 linked to a basket of currencies, according to an FWP filing with the Securities and Commission.

The basket will include the equal weights of the dollar/Indian rupee, dollar/Korean won, dollar/Philippines peso and dollar/Singapore dollar exchange rates.

The payout at maturity will be par plus the return on the basket multiplied by the participation rate, which will be between 140% and 160% and will be determined at pricing. Investors will receive at least par.

Citigroup Global Markets Inc. will be the agent.

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