Filed pursuant to Rule 433
Registration No. 333-192302
About Us
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and
jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction
services, and wealth management.
The Citi Private Client Solutions Group is focused on serving retail intermediaries ranging from
Private and Consumer Banks to regional Broker Dealers to Wholesalers to Family Offices and Registered Independent Advisors. We provide a wide variety of innovative investment strategies and trading products for affluent, high-net-worth and
ultra-high-net-worth investors. CitiFirst investments are multi-asset and complementary to a traditional investment portfolio.
What is
CitiFirst?
CitiFirst is the family name for Citis offering of investments including notes and deposits. Tailored to meet the
needs of a range of investors, CitiFirst investments are divided into three categories based on the amount of principal due at maturity.
CitiFirst Investment Categories
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CitiFirst Protection |
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CitiFirst Performance |
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CitiFirst Opportunity |
Full principal amount due at maturity
Investments provide for the full principal amount to be due at maturity, subject to the credit risk of the issuer and are for investors who place a
priority on the preservation of principal while looking for a way to potentially outperform cash or traditional fixed income investments |
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Payment due at maturity may be less than the principal
amount Investments provide for a payment due at maturity, subject
to the credit risk of the issuer, that may be less than the principal amount and in some cases may be zero, and are for investors who are seeking the potential for current income and/or growth, in addition to partial or contingent downside
protection |
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Payment due at maturity may be zero
Investments provide for a payment at Maturity, subject to the risk of the issuer, that may be zero and are for investors who are willing to take
full market risk in return for either leveraged principal appreciation at a predetermined rate or access to a unique underlying strategy |
The structured investments discussed herein are not suitable for all investors. Prospective investors should
evaluate their financial objectives and tolerance for risk prior to investing in any structured investment. Such investments are not bank deposits but are senior, unsecured debt obligations of Citi. All returns and any principal amount due at
maturity are subject to the applicable issuer credit risk, with the exception of the Market-Linked Certificates of Deposit which have FDIC insurance, subject to applicable limitations. Structured investments are not conventional debt securities.
They are complex in nature and the specific terms and conditions will vary for each offering.
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Investment Products |
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Not FDIC Insured |
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May Lose Value |
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No Bank Guarantee |
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CitiFirst operates across all asset classes meaning that underlying assets include equities, commodities, currencies, interest rates and alternative
investments. When depicting a specific product, the relevant underlying asset will be shown as a symbol on the cube:
CitiFirst Offers:
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A consistent broad offering of investments across risk and asset classes |
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Customized strategies for high-net-worth and ultra-high-net-worth investors |
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Financial solution-based thinking |
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Comprehensive sales support with marketing and legal documentation, historical performance and product analytics |
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Client service excellence (pre-, during- and post-sales)
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For more information, please contact us: |
+1 (212) 723-3136 |
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Third Party Intermediaries |
+1 (212) 723-7288 |
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Citi Consumer Group |
www.citifirst.com
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I am looking for a defensive investment. I want to receive my full principal amount at maturity, but I
also welcome the potential for enhanced returns through market exposure.
Overview*
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Full Principal Amount Due at Maturity |
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Potential for Enhanced Returns |
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An investment with full principal due at maturity, subject to the credit risk of the issuer. |
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CitiFirst Protection investments offer the chance of higher returns when compared with a similar debt instrument by gaining some exposure to the markets. |
Investment Profile (refers to the example
below)
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Time Horizon (In Years) |
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5 or more |
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Open-ended
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Risk |
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Very low |
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Low |
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Moderate |
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High |
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Very High |
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Speculative |
Investment Objective |
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Full
Protection |
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Partial Protection |
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Conditional Protection |
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No Protection |
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Income |
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Growth |
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Example: Market-Linked Notes
linked to XYZ Index |
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Return of Note at Maturity |
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5-year Market-Linked Note (MLN), 100% principal due at maturity, subject to the credit risk of the issuer, linked to XYZ Index with a fixed coupon of 1.5% and a participation
rate of 100%. At maturity, if the underlying is up, the Fixed Coupon MLN will outperform the underlying and could potentially outperform a comparable debt instrument. |
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Note: Citigroup Inc. and its affiliates do not guarantee that a secondary market will develop in any CitiFirst investment you purchase. If a secondary market does develop it may not be
liquid and may not continue for the term of the investment. If the secondary market is limited, there may be few buyers should you choose to sell the investment prior to maturity and this may reduce the price you receive. There is no guarantee that
investors wishing to liquidate an investment prior to the stated maturity will receive a price equal to or in excess of the initial principal amount invested. |
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*All returns and any principal amount due at maturity are subject to the applicable Issuers credit risk,
with the exception of Market-Linked Certificates of Deposit which have FDIC Insurance, subject to applicable limitations. The descriptions above are not intended to completely describe how an investment works or to detail all of the terms, risks and
benefits of a particular investment. The return profiles can change. Please refer to the offering documents and related materials of a particular investment for a comprehensive description of the structure, terms, risks and benefits related to that
investment. Investors should review the section headed Risk Factors or equivalent of the applicable offering documents for a complete description of the risks associated with a particular investment.
I want a greater chance of potentially higher returns. I am prepared to increase my risk exposure
moderately- but only with some level of downside protection.
Overview*
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Payment due at maturity may be less than
the principal amount |
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Balancing Participation and Risk |
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An investment offering exposure to the markets with limited protection against adverse market moves. |
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CitiFirst Performance investments offer market participation within defined contingent downside protection limits. |
Investment Profile (refers to the example
below)
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Time Horizon (In Years) |
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2 |
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4 |
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5 or more |
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Open-ended |
Risk |
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Very low |
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Low |
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Moderate |
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High |
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Very High |
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Speculative |
Investment Objective |
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Full Protection |
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Partial Protection |
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Conditional Protection |
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No Protection |
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Income |
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Growth |
Example: Equity LinKed Securities (ELKS®)
linked to XYZ stock
An investor buys one ELKS linked to the underlying equity XYZ common stock, with a 1-year maturity, a coupon of 10% per annum, a
downside threshold price equal to 80% of the initial level.
Scenario 1:
Did Stock XYZ cross the downside threshold at maturity? No.
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The return of the ELKS equals
10%, which is equal to the coupon payment. |
Scenario 2:
Did Stock XYZ cross the downside threshold at maturity? No.
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The return of the ELKS equals 10%, which is equal
to the coupon payment. |
Scenario 3:
Did Stock XYZ cross the downside threshold at maturity? Yes.
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The return of the ELKS equals -20%, which is the
return of XYZ Stock plus the coupon. |
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For additional information on ELKS®, please refer to Equity LinKed Securities (ELKS®): A Guide for Investors, available on www.citifirst.com |
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Note: Citigroup Inc. and its affiliates do not guarantee
that a secondary market will develop in any CitiFirst investment you purchase. If a secondary market does develop it may not be liquid and may not continue for the term of the investment. If the secondary market is limited, there ay be few buyers
should you choose to sell the investment prior to maturity and this may reduce the price you receive. There is no guarantee that investors wishing to liquidate an investment prior to the stated maturity will receive a price equal to or in excess of
the initial principal amount invested. |
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*All returns and any principal amount due at maturity are subject to the applicable Issuers credit risk,
with the exception of Market-Linked Certificates of Deposit which have FDIC Insurance, subject to applicable limitations. The descriptions above are not intended to completely describe how an investment works or to detail all of the terms, risks and
benefits of a particular investment. The return profiles can change. Please refer to the offering documents and related materials of a particular investment for a comprehensive description of the structure, terms, risks and benefits related to that
investment. Investors should review the section headed Risk Factors or equivalent of the applicable offering documents for a complete description of the risks associated with a particular investment.
I am looking for an investment that offers me the chance to implement a specific view I have on the
markets. I am prepared to accept market risk in exchange for the opportunity to achieve higher returns.
Overview*
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Payment due at maturity may be zero |
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Market View |
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An investment that has risk to principal but has the potential to generate higher returns. |
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CitiFirst Opportunity investments offer full or even leveraged exposure to the markets providing the opportunity to execute a specific investment strategy and earn a potentially higher
return than a direct investment in the market without increasing downside risk. |
Investment Profile (refers to the example
below)
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Time Horizon (In Years) |
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1 |
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2 |
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4 |
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5 or more |
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Open-ended |
Risk |
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Very low |
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Low |
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Moderate |
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High |
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Very High |
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Speculative |
Investment Objective |
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Full Protection |
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Partial Protection |
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Conditional Protection |
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No Protection |
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Income |
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Growth |
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Example: Stock Market Upturn Notes linked to XYZ Index |
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Possible Return at Maturity |
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A 15-month investment linked to XYZ Index with 200% upside participation, up to a maximum total return of 15%. An investors full
principal is at risk. At maturity: |
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If the final level of XYZ Index is higher than its initial level, the maturity payment equals (a) the principal invested plus (b) the product of (i) the principal invested and
(ii) the lesser of the return of the index multiplied by the upside participation rate of 200%, subject to the maximum total return of 15%. |
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If the final level of the index is lower than its initial level, the payment at maturity equals (a) the principal invested
plus (b) the product of (i) the principal invested and (ii) the performance of the index. |
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Note: Citigroup Inc. and its affiliates do not guarantee that a secondary market will develop in any CitiFirst investment you purchase. If a secondary market does develop it may not be
liquid and may not continue for the term of the investment. If the secondary market is limited, there may be few buyers should you choose to sell the investment prior to maturity and this may reduce the price you receive. There is no guarantee that
investors wishing to liquidate an investment prior to the stated maturity will receive a price equal to or in excess of the initial principal amount invested. |
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*All returns and any principal amount due at maturity are subject to the applicable Issuers credit risk,
with the exception of Market-Linked Certificates of Deposit which have FDIC Insurance, subject to applicable limitations. The descriptions above are not intended to completely describe how an investment works or to detail all of the terms, risks and
benefits of a particular investment. The return profiles can change. Please refer to the offering documents and related materials of a particular investment for a comprehensive description of the structure, terms, risks and benefits related to that
investment. Investors should review the section headed Risk Factors or equivalent of the applicable offering documents for a complete description of the risks associated with a particular investment.
General Overview of Investments
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CitiFirst Protection Investments |
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Investments |
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Maturity |
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Risk Profile* |
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Return* |
Contingent
Absolute Return MLDs/Notes |
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1-2 Years |
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Full principal
amount due at maturity |
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If the underlying never crosses either an upside or downside threshold, the return on the investment equals the absolute value of the return of the underlying; Otherwise
the return equals zero |
Contingent Upside
Participation MLDs/Notes |
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1-5 Years |
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Full principal
amount due at maturity |
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If the underlying crosses an upside threshold, the return on the investment equals an interest payment paid at maturity; Otherwise the return equals the greater of the
return of the underlying and zero |
Minimum Coupon
Notes |
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3-5 Years |
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Full principal
amount due at maturity |
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If the underlying ever crosses an upside threshold during a coupon period, the return for the coupon period equals the minimum coupon; Otherwise the return for a coupon
period equals the greater of the return of the underlying during the coupon period and the minimum coupon |
Market-Linked Notes/
Deposits & Safety First Trust Certificates |
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3-7 Years |
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Full principal
amount due at maturity |
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The return on the investment equals the greater of the return of the underlying multiplied by a participation rate and zero; sometimes the maximum return is capped |
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CitiFirst Performance Investments |
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Investments |
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Maturity |
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Risk Profile* |
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Return* |
ELKS® |
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6-13
Months |
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Payment at
maturity may be less than the principal amount |
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A fixed coupon is
paid regardless of the performance of the underlying. If the underlying has not crossed a downside threshold at maturity, the return on the investment equals the coupons paid; Otherwise the return equals the sum of the coupons paid and the return of
the underlying at maturity |
Buffer Notes |
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1-5 Years |
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Payment at
maturity may be less than the principal amount |
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If the return of the underlying is positive at maturity, the return on the investment equals the lesser of (a) the return of the underlying multiplied by a participation
rate and (b) the maximum return on the notes; Otherwise, the return equals the lesser of (a) the return of the underlying plus the buffer amount and (b) zero |
CoBas/PACERSSM |
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1-5 Years |
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Payment at
maturity may be less than the principal amount |
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If the underlying is equal to or greater than a threshold (such as its initial value) on any call date, the note is called and the return on the investment equals a fixed
premium. If the note has not been called, at maturity, if the underlying has crossed a downside threshold, the return on the investment equals the return of the underlying, which will be negative; Otherwise the return equaIs zero |
Barrier Notes/
LASERSSM |
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1-5 Years |
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Payment at
maturity may be less than the principal amount |
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If the return of the underlying is positive at maturity, the return on the investment equals the return of the underlying multiplied by a participation rate (some versions are subject to a maximum return on the
notes). If the return of the underlying is negative and the underlying has crossed a downside threshold, the return on the investment equals the return of the underlying, which will be negative; Otherwise the return equals zero |
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CitiFirst Opportunity Investments |
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Investments |
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Maturity |
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Risk Profile* |
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Return* |
Upturn Notes |
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1-2 Years |
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Payment at
maturity may be zero |
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If the underlying is up at maturity, the return on the investment equals the lesser of the return of the underlying multiplied by a participation rate and the maximum
return on the notes; Otherwise the return equals the return of the underlying |
Fixed Upside
Return Notes |
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1-2 Years |
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Payment at
maturity may be zero |
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If the underlying is equal to or above its initial level at maturity, the return on the investment equals a predetermined fixed amount; Otherwise the return equals the
return of the underlying |
Strategic Market
Access Notes |
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3-4 Years |
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Payment at
maturity may be zero |
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The return on the investment equals the return of a unique index created by Citi |
Note: Citigroup Inc. and its affiliates do not guarantee that a secondary market will develop in any CitiFirst
investment you purchase. If a secondary market does develop it may not be liquid and may not continue for the term of the investment. If the secondary market is limited, there may be few buyers should you choose to sell the investment prior to
maturity and this may reduce the price you receive. There is no guarantee that investors wishing to liquidate an investment prior to the stated maturity will receive a price equal to or in excess of the initial principal amount invested.
*All returns and any principal amount due at maturity are subject to the applicable issuers credit risk, with the exception of
Market-Linked Certificates of Deposit which have FDIC insurance, subject to applicable limitations. The descriptions above are not intended to completely describe how an investment works or to detail all of the terms, risks and benefits of a
particular investment. The return profiles can change. Please refer to the offering documents and related materials of a particular investment for a comprehensive description of the structure, terms, risks and benefits related to that investment.
Investors should review the section headed Risk Factors or equivalent of the applicable offering documents for a complete description of the risks associated with a particular investment.
Bringing The Global Markets To You
Our product specialists are dedicated to evaluating and selecting investments that seek:
¡ Wealth
preservation
¡ Yield enhancement
¡ Risk
mitigation
¡ Broad market
access
¡ Portfolio
diversification
¡ Strategic trading
opportunities
¡ Tax-advantaged
income strategies
CitiFirst Education
Educating both advisors and investors about
risks and rewards is a core element of our CitiFirst offering. We regularly host industry conferences and seminars to keep you informed of the latest market trends, innovations and ideas. In addition, we maintain the www.citifirst.com website for
private investors and distribution partners which contains offerings in the primary and secondary market and educational information.
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Monthly Offerings Brochures |
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Educational Materials |
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Website for Private Investors
and Distributors (with restricted access): www.citifirst.com
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Important Information about
CitiFirst Investments
SEC Registered (Public) Offerings
Each issuer has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (the SEC) for the
SEC registered offerings by that issuer, to which this communication relates. Before you invest, you should read the prospectus in the applicable registration statement and the other documents the issuer, has filed with the SEC for more complete
information about the issuer, and offerings. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, you can request a prospectus and any other documents related to the offerings, either in hard copy
or electronic form, by calling toll-free 1-877-858-5407 or by calling your Financial Advisor. The SEC registered offerings described in this brochure are not bank deposits and are not insured by the Federal Deposit Insurance Corporation
(FDIC) or any other governmental agency, or instrumentality.
Deposits
The deposits are not SEC registered offerings and are not required to be so registered. For indicative terms and conditions on any deposit, please
contact your Financial Advisor or call the toll-free number 1-877-858-5407. The deposits are insured up to the applicable FDIC insurance limits effective from time to time.
Investment Information
This brochure does not, by itself, constitute an offering of any specific CitiFirst product. Any figures or terms provided in this brochure are
sample product terms, illustrative and are no indication of what final terms or actual returns will be. This brochure does not consider the effect taxes and fees will have on your returns. The terms of each product vary from offering to offering.
Before making an investment in a specific product, you should obtain and carefully read the legal documents relating to that product offering, which will contain additional information needed to evaluate the investment and provide important
disclosures regarding risks, fees and expenses. Additionally, such legal documents will contain the only complete description, and final terms, of the terms and conditions of that product.
All product categories within the CitiFirst family may be offered in various forms, including as medium-term notes and deposits. Products within the
CitiFirst Protection category provide full principal protection if held to maturity, subject to the credit risk of the issuer (with the exception of the deposits, which have FDIC insurance, subject to applicable limitations), but there is no
guarantee that investors will receive an amount at maturity greater than the initial principal invested. Products within the CitiFirst Performance category provide various forms of limited downside protection but do not provide principal protection.
Products within the CitiFirst Opportunity category offer no principal protection and no downside protection.
Citigroup Inc. and its affiliates (Citi) do not guarantee that a secondary market will
develop in any CitiFirst product you purchase. If a secondary market does develop it may not be liquid and may not continue for the term of the product. If the secondary market is limited there may be few buyers should you choose to sell the product
prior to maturity and this may reduce the price you receive. There is no guarantee that investors wishing to liquidate an investment in such products prior to the stated maturity will receive a price equal to or in excess of the initial principal
amount invested.
Citi is not acting as your advisor or agent. Citi accepts no responsibility for the tax treatment of any investment
product, whether or not it is involved in the administration of trusts or companies for which the product is purchased. Before making any commitment to invest, you should take whatever business, legal, tax, accounting or other advice you consider
necessary given your particular circumstances. If you invest in a CitiFirst product it is your responsibility to arrange to account for any tax lawfully due from you on the income or gains arising from such investment. Citi does not provide
business, legal, tax or accounting advice and makes no representation in respect of any of them. If you have any doubt about the suitability of these investments, you should contact your own advisers for advice.
Overview of Key Benefits
and
Risks of CitiFirst Investments
Benefits
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Investors can access investments linked to a variety of underlying assets or indices, such as domestic and foreign indices, exchange traded funds, commodities, foreign-exchange, interest
rates, equities, or a combination thereof. |
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Structured investments can offer unique risk/return profiles to match investment objectives, such as the amount of principal due at maturity, periodic income, and enhanced returns.
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Risks
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The risks below are not intended to be an exhaustive list of the risks associated with a particular CitiFirst Structured Investment offering. Before you invest in any CitiFirst Structured
Investment you should thoroughly review the particular investments offering document(s) and related material(s) for a comprehensive description of the risks and considerations associated with the particular investment.
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The terms of certain investments provide that the full principal amount is due at maturity, subject to the applicable issuer credit risk. However, if an investor sells or redeems such investment
prior to maturity, the investor may receive an amount less than his/her original investment. |
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The terms of certain investments provide that the payment due at maturity could be significantly less than the full principal amount and, for certain investments, could be zero. In these cases, an
investor may receive an amount significantly less than his/her original investment and may receive nothing at maturity of the investment. |
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Appreciation May Be Limited Depending on the investment, an investors appreciation may be limited by a maximum amount payable or by the extent to which the return reflects the
performance of the underlying asset or index. |
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Issuer Credit Risk All payments on CitiFirst Structured Investments are dependent on the applicable issuers ability to pay all amounts due on these investments including any principal
due at maturity and therefore investors are subject to the credit risk of the applicable issuer.
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Secondary Market There may be little or no secondary market for a particular investment. If the applicable offering document(s) so specifies, the issuer may apply to list an investment on a
securities exchange, but it is not possible to predict whether any investment will meet the listing requirements of that particular exchange, or if listed, whether any secondary market will exist. |
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Resale Value of a CitiFirst Structured Investment May be Lower than Your Initial Investment Due to, among other things, the changes in the price of and dividend yield on the underlying
asset, interest rates, the earnings performance of the issuer of the underlying asset, the applicable issuer of the CitiFirst Structured Investments perceived creditworthiness, the investment may trade, if at all, at prices below its initial
issue price and an investor could receive substantially less than the amount of his/her original investment upon any resale of the investment. |
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Volatility of the Underlying Asset or Index Depending on the investment, the amount you receive at maturity could depend on the price or value of the underlying asset or index during the
term of the trade as well as where the price or value of the underlying asset or index is at maturity; thus, the volatility of the underlying asset or index, which is the term used to describe the size and frequency of market fluctuations in the
price or value of the underlying asset or index, may result in an investor receiving an amount less than he/she would otherwise receive. |
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Potential for Lower Comparable Yield The effective yield on any investment may be less than that which would be payable on a conventional fixed-rate debt security of the same issuer with
comparable maturity. |
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Affiliate Research Reports and Commentary Affiliates of the particular issuer may publish research reports or otherwise express opinions or provide recommendations from time to time
regarding the underlying asset or index which may influence the price or value of the underlying asset or index and, therefore, the value of the investment. Further, any research, opinion or recommendation expressed within such research reports may
not be consistent with purchasing, holding or selling the investment. |
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The United States Federal Income Tax Consequences of Structured Investments are Uncertain No statutory, judicial or
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administrative authority directly addresses the characterization of structured investments for U.S. federal income tax purposes. The tax treatment of a structured investment may be very different
than that of its underlying asset. As a result, significant aspects of the U.S. federal income tax consequences and treatment of an investment are not certain. The offering document(s) for each structured investment contains tax conclusions and
discussions about the expected U.S. federal income tax consequences and treatment of the related structured investment. However, no ruling is being requested from the Internal Revenue Service with respect to any structured investment and no
assurance can be given that the Internal Revenue Service will agree with the tax conclusions and treatment expressed within the offering document(s) of a particular structured investment. |
Citigroup Inc., its affiliates, and employees do not provide tax or legal advice. Investors should consult with their own
professional advisor(s) on such matters before investing in any structured investment.
n |
Fees and Conflicts The issuer of a structured investment and its affiliates may play a variety of roles in connection with the investment, including acting as calculation agent and hedging
the issuers obligations under the investment. In performing these duties, the economic interests of the affiliates of the issuer may be adverse to the interest of the investor.
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Additional Considerations
Please note that the information contained in this brochure is current as of the date indicated and
is not intended to be a complete description of the terms, risks and benefits associated with any particular structured investment. Therefore, all of the information set forth herein is qualified in its entirety by the more detailed information
provided in the offering documents(s) and related material for the respective structured investment.
The structured investments
discussed within this brochure are not suitable for all investors. Prospective investors should evaluate their financial objectives and tolerance for risk prior to investing in any structured investment.
Tax Disclosure
Citigroup
Inc., its affiliates and employees do not provide tax or legal advice. To the extent that this brochure or any offering document(s) concerns tax matters, it is not intended to be used and cannot be used by a taxpayer for the purpose of avoiding
penalties that may be imposed by law. Any such taxpayer should seek advice based on the taxpayers particular circumstances from an independent tax advisor.
ERISA and IRA Purchase Considerations
Employee benefit plans subject to ERISA, entities the assets of which are deemed to constitute the assets of such plans, governmental or other plans subject to laws substantially similar to ERISA and retirement accounts (including
Keogh, SEP and SIMPLE plans, individual retirement accounts and individual retirement annuities) are permitted to purchase structured investments as long as either (A) (1) no Citi affiliate or employee is a fiduciary to such plan or
retirement account that has or exercises any discretionary authority or control with respect to the assets of such plan or retirement account used to purchase the structured investments or renders investment advice with respect to those assets, and
(2) such plan or retirement account is paying no more than adequate consideration for the structured investments or (B) its acquisition and holding of the structured in is not prohibited by any such provisions or laws or is exempt from any
such prohibition.
However, individual retirement accounts, individual retirement annuities and Keogh plans, as well as employee
benefit plans that permit participants to direct the investment of their accounts, will not be permitted to purchase or hold the structured investments if the account, plan or annuity is for the benefit of an employee of Citi or a family member and
the employee receives any compensation (such
as, for example, an addition to bonus) based on the purchase of structured investments by the
account, plan or annuity. You should refer to the section ERISA Considerations or equivalent in the applicable offering document(s) for more information.
Distribution Limitations and Considerations
This document may not be distributed in any jurisdiction where it is unlawful to do so. The investments described in this document may not be marketed, or sold or be available for offer or sale in any jurisdiction outside of the
U.S., unless explicitly stated in the offering document(s) and related materials. In particular:
WARNING TO INVESTORS IN HONG KONG
ONLY: The contents of this document have not been reviewed by any regulatory authority in Hong Kong. Investors are advised to exercise caution in relation to the offer. If Investors are in any doubt about any of the contents of this document, they
should obtain independent professional advice.
This offer is not being made in Hong Kong, by means of any document, other than
(1) to persons whose ordinary business it is to buy or sell shares or debentures (whether as principal or agent); (2) to professional investors within the meaning of the Securities and Futures Ordinance (Cap. 571) of Hong Kong
(the SFO) and any rules made under the SFO; or (3) in other circumstances which do not result in the document being a prospectus as defined in the Companies Ordinance (Cap. 32) of Hong Kong (the CO) or which
do not constitute an offer to the public within the meaning of the CO.
There is no advertisement, invitation or document relating to
structured investments, which is directed at, or the contents of which are likely to be accessed or read by, the public in Hong Kong (except if permitted to do so under the laws of Hong Kong) other than with respect to structured investments which
are or are intended to be disposed of only to persons outside Hong Kong or only to the persons or in the circumstances described in the preceding paragraph.
WARNING TO INVESTORS IN SINGAPORE ONLY: This document has not been registered as a prospectus with the Monetary Authority of Singapore under the
Securities and Futures Act, Chapter 289 of the Singapore Statutes (the Securities and Futures Act). Accordingly, neither this document nor any other document or material in connection with the offer or sale, or invitation for subscription or
purchase, of the structured investments may be circulated or distributed, nor may the structured
investments be offered or sold, or be made the subject of an invitation for subscription or
purchase, whether directly or indirectly, to the public or any member of the public in Singapore other than in circumstances where the registration of a prospectus is not required and thus only (1) to an institutional investor or other person
falling within section 274 of the Securities and Futures Act, (2) to a relevant person (as defined in section 275 of the Securities and Futures Act) or to any person pursuant to section 275(1A) of the Securities and Futures Act and in
accordance with the conditions specified in section 275 of that Act, or (3) pursuant to, and in accordance with the conditions of, any other applicable provision of the Securities and Futures Act. No person receiving a copy of this document may
treat the same as constituting any invitation to him/ her, unless in the relevant territory such an invitation could be lawfully made to him/her without compliance with any registration or other legal requirements or where such registration or other
legal requirements have been complied with. Each of the following relevant persons specified in Section 275 of the Securities and Futures Act who has subscribed for or purchased structured investments, namely a person who is:
(a) a corporation (which is not an accredited investor) the sole business of which is to hold investments and the entire share capital of which
is owned by one or more individuals, each of whom is an accredited investor, or
(b) a trust (other than a trust the trustee of which
is an accredited investor) whose sole purpose is to hold investments and of which each beneficiary is an individual who is an accredited investor, should note that securities of that corporation or the beneficiaries rights and interest in that
trust may not be transferred for 6 months after that corporation or that trust has acquired the structured investments under Section 275 of the Securities and Futures Act pursuant to an offer made in reliance on an exemption under
Section 275 of the Securities and Futures Act unless:
(i) the transfer is made only to institutional investors, or relevant
persons as defined in Section 275(2) of that Act, or arises from an offer referred to in Section 275(1A) of that Act (in the case of a corporation) or in accordance with Section 276(4)(i)(B) of that Act (in the case of a trust);
(ii) no consideration is or will be given for the transfer; or
(iii) the transfer is by operation of law.
CitiFirst
To discuss CitiFirst investment ideas and
strategies in the Americas, please contact us:
+1(212) 723-3136 Third Party Intermediaries
+1(212) 723-7288 Citi Consumer Group
www.citifirst.com
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