New Issue: Citigroup prices $28 million 0% notes linked to gold

By Susanna Moon

Chicago, Nov. 28 - Citigroup Funding Inc. priced a $28 million offering of 0% notes due Nov. 26, 2008 linked to the price of unallocated gold bullion, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be $970 per $1,000 principal amount of notes plus a supplemental amount based on the price of gold, with the payout capped at $1,140 per $1,000 principal amount. Investors will receive at least $970 per $1,000 principal amount.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Funding Inc.
Issue:	Medium-term notes, series D
Underlying commodity:	Unallocated gold bullion
Amount:	$28 million
Maturity:	Nov. 26, 2008
Coupon:	0%
Price:	Par
Payout at maturity:	$970 plus supplemental amount at maturity; floor of $970 and cap of $1,140 per $1,000 principal amount
Initial gold price:	$830.00 per troy ounce
Pricing date:	Nov. 26
Settlement date:	Nov. 29
Agent:	Citigroup Global Markets Inc.
Fees:	0%

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