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Citigroup plans jump notes due 2013 tied to Philadelphia Oil Sector
By Susanna Moon
Chicago, Nov. 23 - Citigroup Funding Inc. plans to price 0% jump securities due January 2013 linked to the Philadelphia Oil Service Sector index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains, the payout at maturity will be par of $10 plus the upside payment of $2.20 to $2.60 per note.
Investors will be exposed to any losses.
Citigroup Global Markets Inc. is the underwriter. Morgan Stanley Smith Barney LLC will handle distribution.
The notes will settle in December.
The Cusip is 17317U444.
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