Citigroup to price enhanced trigger jump securities linked to S&P 500

By Angela McDaniels

Tacoma, Wash., April 3 - Citigroup Inc. plans to price 0% enhanced trigger jump securities due April 27, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the trigger level, the payout at maturity will be par of $10 plus the greater of the fixed return amount and the index return. The trigger level will be 65% of the initial index level. The fixed return amount is expected to be 15% to 18% and will be set at pricing.

If the final index level is less than the trigger level, investors will be fully exposed to the index's decline from the initial level.

Citigroup Global Markets Inc. is the underwriter.

The notes are expected to price April 30 and settle May 3.

The Cusip number is 173095696.

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