New Issue: Citigroup prices $5 million 16% ELKS linked to Netflix

New York, Dec. 29 - Citigroup Funding Inc. priced $5 million of 16% Equity LinKed Securities due June 30, 2011 linked to Netflix Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Netflix shares fall below the protection price of $112.51, 62.50% of the initial price of $180.01, during the life of the notes and finish below the initial price in which case the payout will be 0.05555 shares of Netflix stock.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Funding Inc.
Issue:	Equity LinKed Securities
Underlying stock:	Netflix Inc. (Symbol: NFLX)
Amount:	$5 million
Maturity:	June 30, 2011
Coupon:	16%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Netflix shares fall below the protection price of $112.51, 62.50% of the initial price, and finish below the initial price, in which case 0.05555 shares of Netflix stock
Initial price:	$180.01
Protection price:	$112.51, 62.50% of $180.01
Exchange ratio:	0.05555
Pricing date:	Dec. 27
Settlement date:	Dec. 30
Agent:	Citigroup Global Markets Inc.
Fees:	1.2%
Cusip:	17316G545

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