Citigroup to price trigger jump notes linked to Apple shares

By Toni Weeks

San Luis Obispo, Calif., March 5 – Citigroup Inc. plans to price 0% trigger jump securities due March 16, 2017 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the stock return is zero or positive, the payout at maturity will be par plus the upside payment of 35.5%.

Investors will receive par if the stock falls by up to 10% and will be fully exposed to any losses if the stock finishes below the 90% trigger level.

The notes (Cusip: 17323B737) are expected to price March 13.

Citigroup Global Markets Inc. is the agent.

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