New Issue: Citigroup sells $10 million principal-protected notes linked to BRIC currencies

By E. Janene Geiss

Philadelphia, Sept. 24 - Citigroup Funding Inc. priced $10 million of zero-coupon 95% principal-protected notes due Sept. 26, 2011 linked to the performance of a basket of BRIC currencies versus the dollar, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of equal weights of the Brazilian real, Russian ruble, Indian rupee and Chinese yuan.

If the basket increases by 25% or less, the payout at maturity will be 95% of par plus 25%. If the basket increases by more than 25%, the payout will be 95% of par plus any basket gain.

If the basket declines, the payout will be $950, or 95% of par.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Funding Inc.
Issue:	Principal-protected notes
Underlying basket:	Equal weights of the Brazilian real, Russian ruble, Indian rupee and Chinese yuan
Amount:	$10 million
Maturity:	Sept. 26, 2011
Coupon:	0%
Price:	Par
Payout at maturity:	If the basket increases by 25% or less, the payout will be 95% of par, or $950, plus 25%. If the basket gains by more than 25%, investors will receive $950 plus any basket gain; if the basket declines, investors will receive a floor of $950.
Initial exchange rates:	1.8061 dollars per real; 30.1690 dollar per ruble; 48.17 dollars per rupee; 6.8289 per yuan
Pricing date:	Sept. 22
Settlement date:	Sept. 25
Underwriter:	Citigroup Global Markets Inc.
Fees:	2%

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