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Citigroup plans two-year trigger jump notes linked to Apple
By Susanna Moon
Chicago, Feb. 17 – Citigroup Inc. plans to price 0% trigger jump securities due March 2, 2017 linked to Apple Inc. shares, according to an FWP filing with the Securities and Exchange Commission.
If the stock finishes above its initial level, the payout at maturity will equal par plus the upside payment of 35%.
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.
Citigroup Global Markets Inc. is the agent.
The notes will price on Feb. 27.
The Cusip number is 17323B836.
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