New Issue: Citigroup prices $60.41 million 8% ELKS linked to Monsanto

By Jennifer Chiou

New York, April 26 - Citigroup Funding Inc. priced a $60.41 million offering of 8% Equity LinKed Securities (ELKS) due May 8, 2008 linked to the common stock of Monsanto Co., according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par unless Monsanto stock decline by 22.5% or more during the life of the notes, in which case the payout will be a number of Monsanto shares equal to the equity ratio, which is 0.16966 shares per ELKS.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Funding Inc.
Issue:	Equity LinKed Securities (ELKS)
Underlying stock:	Monsanto Co.
Amount:	$60.41 million
Maturity:	May 8, 2008
Interest:	8%, payable semiannually
Price:	Par of $10
Payout at maturity:	Par unless Monsanto stock declines by 22.5% or more during the life of the notes, in which case payout will be 0.16966 Monsanto shares per ELKS
Initial share price:	$58.94
Downside threshold price:	$45.68, 77.5% of the initial price
Equity ratio:	0.16966 Monsanto shares per security
Pricing date:	April 24
Settlement date:	April 27
Agent:	Citigroup Global Markets Inc.
Agent fees:	2.25%

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