New Issue: Citigroup prices $15.59 million buffer notes linked to S&P 500 index

By Jennifer Chiou

New York, Sept. 25 - Citigroup Funding Inc. priced $15.59 million of 0% buffer notes due Oct. 6, 2011 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any index gain, subject to a maximum return of 28%. Investors will receive par if the index declines by 10% or less and will be exposed to losses beyond 10%.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Funding Inc.
Issue:	Buffer notes
Underlying index:	S&P 500
Amount:	$15.59 million
Maturity:	Oct. 6, 2011
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus double any index gain, up to maximum return of 28%; par if index declines by 10% or less; exposure to losses beyond 10%
Initial index level:	1,060.87
Pricing date:	Sept. 23
Settlement date:	Sept. 28
Underwriter:	Citigroup Global Markets Inc.
Fees:	2%

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