New Issue: Citigroup prices $2.5 million 5.9% coupon notes linked to S&P 500

By Toni Weeks

San Diego, March 5 - Citigroup Funding Inc. priced $2.5 million of 5.9% market-linked coupon notes due March 5, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index falls by up to 40% of the initial index level, the payout at maturity will be par. Otherwise, investors will be fully exposed to losses from the initial level.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Funding Inc.
Issue:	Market-linked coupon notes
Underlying index:	S&P 500
Amount:	$2.5 million
Maturity:	March 5, 2015
Coupon:	5.9%, payable quarterly
Price:	Par
Payout at maturity:	Par, if the index falls by up to 40%; otherwise, full exposure to losses
Initial index level:	1,369.63
Downside threshold value:	821.778, 60% of initial value
Pricing date:	March 2
Settlement date:	March 7
Underwriter:	Citigroup Global Markets Inc.
Fees:	1.5%
Cusip:	1730T0WL9

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