Indicative Terms*
|
|
|
Issuer:
|
|
Citigroup Global Markets Holdings Inc., a wholly owned subsidiary of Citigroup Inc.
|
Guarantee:
|
|
All payments due on the securities are fully and unconditionally guaranteed by Citigroup Inc.
|
Reference stock:
|
|
Shares of the Common Stock of Alibaba Group Holding Ltd. ( BABA) (the underlying share issuer)
|
Stated principal amount:
|
|
$1,000 per security
|
Pricing date:
|
|
December , 2016 (expected to be December 19, 2016)
|
Issue date:
|
|
December , 2016 (three business days after the pricing date)
|
Valuation date:
|
|
The day of each March, June, September and December (expected to be the 20th day of each March, June,
September and December, beginning in March , 2017 and ending on December , 2017 (the final valuation date, which is expected to be December 22, 2017), each subject to postponement if such
date is not a scheduled trading day or if certain market disruption events occur
|
Maturity date:
|
|
Unless earlier redeemed, December , 2017 (expected to be December 22, 2017)
|
Contingent coupon:
|
|
On each quarterly contingent coupon payment date, unless previously redeemed, the securities will pay a contingent coupon equal to
2.00% to 2.25% (approximately 8.00% to 9.00% per annum) (to be determined on the pricing date) of the stated principal amount of the securities
if and only if
the closing price of the underlying shares on the related valuation date is greater than or equal to the coupon barrier price.
If
the closing price of the underlying shares on any quarterly valuation date is less than the coupon barrier price, you will not receive any contingent coupon payment on the related contingent coupon payment date.
|
Automatic early redemption:
|
|
If, on any quarterly valuation date beginning March , 2017 (expected to be March 20, 2017) and prior to the
final valuation date, the closing price of the underlying shares is greater than or equal to the initial share price, each security you then hold will be automatically redeemed on the related contingent coupon payment date for an amount in cash
equal to $1,000 plus the related contingent coupon payment.
|
Payment at maturity:
|
|
If the securities are not automatically redeemed prior to maturity, you will be entitled to receive at maturity, for each security you
then hold:
|
|
|
|
|
If the final share price is
greater than
or equal to
the final barrier price:
|
|
|
|
|
$1,000
plus
the contingent coupon payment due at maturity
|
|
|
|
|
If the final share price is
less than
the barrier price:
|
|
|
|
|
$1,000
multiplied by
the share performance
factor
|
|
|
|
|
If the final share price is less than the final barrier price, you will receive less than 80.00% of the stated principal amount
of your securities, and possibly nothing, at maturity, and you will not receive any contingent coupon payment at maturity.
|
Initial share price:
|
|
$ , the closing price of the underlying shares on the pricing date
|
Final share price:
|
|
The closing price of the underlying shares on the final valuation date
|
For questions, please call your Financial Advisor
* The information listed above is not intended to be a complete description of all of the terms, risks and benefits of a particular
investment. All maturities are approximate. All terms in brackets are indicative only and will be set on the applicable pricing date. All returns and any principal amount due at maturity are subject to the applicable issuers credit risk, with
the exception of the Market-Linked Certificates of Deposit which have FDIC insurance, subject to applicable limitations. Please refer to the relevant investments offering documents and related material(s) for additional information
|
|
|
|
|
|
|
CitiFirst Offerings Brochure
|
December 2016
|
|
7
|
|
|
|
Coupon barrier price:
|
|
$ , 80.00% of the initial share price
|
Final barrier price:
|
|
$ , 80.00% of the initial share price
|
Share performance factor:
|
|
The final share price
divided by
the initial share price
|
Listing:
|
|
The securities will not be listed on any securities exchange and, accordingly, may have limited or no liquidity. You should not invest
in the securities unless you are willing to hold them to maturity.
|
CUSIP:
|
|
17324XAL4
|
Investor Profile
|
|
|
|
|
|
|
|
|
Investor Seeks:
|
|
|
|
Investor Can Accept:
|
¡
|
|
A medium-term equity index-linked investment
|
|
|
|
¡
|
|
A holding period of approximately 1 year
|
|
|
|
|
|
¡
|
|
A risk-adjusted equity complement
|
|
|
|
¡
|
|
The possibility of losing a significant portion of the principal amount invested
|
|
|
|
|
|
|
|
|
|
|
|
¡
|
|
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
|
A complete description of the risks associated with this investment is outlined in the
Summary Risk Factors section of the applicable preliminary pricing supplement.
For questions, please call your Financial Advisor
* The
information listed above is not intended to be a complete description of all of the terms, risks and benefits of a particular investment. All maturities are approximate. All terms in brackets are indicative only and will be set on the applicable
pricing date. All returns and any principal amount due at maturity are subject to the applicable issuers credit risk, with the exception of the Market-Linked Certificates of Deposit which have FDIC insurance, subject to applicable limitations.
Please refer to the relevant investments offering documents and related material(s) for additional information
|
|
|
|
|
8
|
|
CitiFirst Offerings
Brochure
|
December 2016
|
|
|
|
|
|
|
|
Buffer Securities Based on the S&P 500
®
Index
|
|
|
|
|
Indicative Terms*
|
|
|
Issuer:
|
|
Citigroup Global Markets Holdings Inc., a wholly owned subsidiary of Citigroup Inc.
|
Guarantee:
|
|
All payments due on the securities are fully and unconditionally guaranteed by Citigroup
Inc.
|
Underlying index:
|
|
The S&P 500
®
Index (ticker symbol: SPX)
|
Stated principal amount:
|
|
$1,000 per security
|
Pricing date:
|
|
December , 2016 (expected to be December 20, 2016)
|
Issue date:
|
|
December , 2016 (three business days after the pricing date)
|
Valuation date:
|
|
December , 2021 (expected to be December 20, 2021), subject to postponement if
such date is not a scheduled trading day or if certain market disruption events occur
|
Maturity date:
|
|
December , 2021 (expected to be December 23, 2021)
|
Payment at maturity:
|
|
For each $1,000 stated principal amount security you hold at maturity:
|
|
|
|
|
If the final index level is
greater than
the initial index level:
|
|
|
|
|
$1,000 + the return amount
|
|
|
|
|
If the final index level is
equal to or
less than
the initial index level by an amount
equal o or less than
the buffer amount:
|
|
|
|
|
$1,000
|
|
|
|
|
If the final index level is
less than
the initial index level by an amount
greater than
the buffer amount:
|
|
|
|
|
($1,000 x the index performance factor) + $150.00
|
|
|
|
|
If the final index level declines from the initial index level by more than the buffer amount, your payment at maturity will be
less, and possibly significantly less, than the $1,000 stated principal amount per security. You should not invest in the securities unless you are willing and able to bear the risk of losing a significant portion of your
investment.
|
Initial index level:
|
|
, the closing level of the underlying index on the pricing date
|
Final index level:
|
|
The closing level of the underlying index on the valuation date
|
Index performance factor:
|
|
The final index level
divided by
the initial index level
|
Index percent increase:
|
|
The final index level
minus
the initial index level,
divided by
the initial index
level
|
Return amount:
|
|
$1,000 x the index percent increase
|
Upside participation rate:
|
|
95.00% to 105.00%. The actual upside participation rate will be determined on the pricing date.
|
Buffer amount:
|
|
15.00%
|
Listing:
|
|
The securities will not be listed on any securities exchange and, accordingly, may have limited or no liquidity. You should not
invest in the securities unless you are willing to hold them to maturity.
|
CUSIP:
|
|
17324CCY0
|
For questions, please call your
Financial Advisor
* The information listed above is not intended to be a complete description of all of the terms,
risks and benefits of a particular investment. All maturities are approximate. All terms in brackets are indicative only and will be set on the applicable pricing date. All returns and any principal amount due at maturity are subject to the
applicable issuers credit risk, with the exception of the Market-Linked Certificates of Deposit which have FDIC insurance, subject to applicable limitations. Please refer to the relevant investments offering documents and related
material(s) for additional information
|
|
|
|
|
|
|
CitiFirst Offerings Brochure
|
December 2016
|
|
9
|
Investor Profile
|
|
|
|
|
|
|
|
|
Investor Seeks:
|
|
|
|
Investor Can Accept:
|
¡
|
|
A short-term equity-linked investment
|
|
|
|
¡
|
|
A holding period of approximately 5 years
|
|
|
|
|
|
¡
|
|
A risk-adjusted equity complement
|
|
|
|
¡
|
|
The possibility of losing a significant portion of the principal amount invested
|
|
|
|
|
|
|
|
|
|
|
|
¡
|
|
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
|
A complete description of the risks associated with this investment is outlined in the
Summary Risk Factors section of the applicable preliminary pricing supplement.
For questions, please call your Financial Advisor
* The information listed above is not intended to be a complete description of all of the terms, risks and benefits of a particular
investment. All maturities are approximate. All terms in brackets are indicative only and will be set on the applicable pricing date. All returns and any principal amount due at maturity are subject to the applicable issuers credit risk, with
the exception of the Market-Linked Certificates of Deposit which have FDIC insurance, subject to applicable limitations. Please refer to the relevant investments offering documents and related material(s) for additional information
|
|
|
|
|
10
|
|
CitiFirst Offerings
Brochure
|
December 2016
|
|
|
|
|
|
Dual Directional Barrier Securities Based on the S&P 500
®
Index
|
|
|
Indicative Terms*
|
|
|
Issuer:
|
|
Citigroup Global Markets Holdings Inc., a wholly owned subsidiary of Citigroup Inc.
|
Guarantee:
|
|
All payments due on the securities are fully and unconditionally guaranteed by Citigroup
Inc.
|
Underlying index:
|
|
The S&P 500
®
Index (ticker symbol: SPX)
|
Stated principal amount:
|
|
$1,000 per security
|
Pricing date:
|
|
December , 2016 (expected to be December 20, 2016)
|
Issue date:
|
|
December , 2016 (three business days after the pricing date)
|
Valuation date:
|
|
June , 2020 (expected to be June 22, 2020), subject to postponement if such date is not a scheduled trading
day or if certain market disruption events occur
|
Maturity date:
|
|
June , 2020 (expected to be June 25, 2020)
|
Payment at maturity:
|
|
For each $1,000 stated principal amount security you hold at maturity:
|
|
|
|
|
If the final index level is
greater than
or equal to
the initial index level:
|
|
|
|
|
$1,000 + the upside return amount
|
|
|
|
|
If the final index level is
less than
the initial index level but
greater than or equal to
the barrier level:
|
|
|
|
|
$1,000 + the downside return amount
|
|
|
|
|
If the final index level is
less than
the barrier level:
|
|
|
|
|
$1,000 x the index performance factor
|
|
|
|
|
If the final index level is less than the barrier level, your payment at maturity will be less, and possibly significantly less,
than $700 per security (to be determined on the pricing date). You should not invest in the securities unless you are willing and able to bear the risk of losing a significant portion, and up to all, of your investment.
|
Initial index level:
|
|
, the closing level of the underlying index on the pricing
date
|
Final index level:
|
|
The closing level of the underlying index on the valuation date
|
Upside return amount:
|
|
$1,000 x the index percent change
|
Downside return amount:
|
|
$1,000 x the absolute value of the index percent change
|
Index performance factor:
|
|
The final index level
divided by
the initial index level
|
Index percent change:
|
|
The final index level
minus
the initial index level
|
Barrier level:
|
|
, 70.00% of the initial index level
|
Maximum upside return:
|
|
$200.00 to $230.00 per security (20.00% to 23.00% of the stated principal amount), to be determined on the pricing
date.
|
Listing:
|
|
The securities will not be listed on any securities exchange and, accordingly, may have limited or no liquidity. You should not
invest in the securities unless you are willing to hold them to maturity.
|
CUSIP:
|
|
17324CD86
|
For questions, please call your Financial Advisor
* The
information listed above is not intended to be a complete description of all of the terms, risks and benefits of a particular investment. All maturities are approximate. All terms in brackets are indicative only and will be set on the applicable
pricing date. All returns and any principal amount due at maturity are subject to the applicable issuers credit risk, with the exception of the Market-Linked Certificates of Deposit which have FDIC insurance, subject to applicable limitations.
Please refer to the relevant investments offering documents and related material(s) for additional information
|
|
|
|
|
|
|
CitiFirst Offerings Brochure
|
December 2016
|
|
11
|
Investor Profile
|
|
|
|
|
|
|
|
|
Investor Seeks:
|
|
|
|
Investor Can Accept:
|
¡
|
|
A medium-term equity index-linked investment
|
|
|
|
¡
|
|
A holding period of approximately 3.5 years
|
|
|
|
|
|
¡
|
|
A risk-adjusted equity complement
|
|
|
|
¡
|
|
The possibility of losing a significant portion of the principal amount invested
|
|
|
|
|
|
|
|
|
|
|
|
¡
|
|
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
|
A complete description of the risks associated with this investment is outlined in the
Summary Risk Factors section of the applicable preliminary pricing supplement.
For questions, please call your Financial Advisor
* The information listed above is not intended to be a complete description of all of the terms, risks and benefits of a particular
investment. All maturities are approximate. All terms in brackets are indicative only and will be set on the applicable pricing date. All returns and any principal amount due at maturity are subject to the applicable issuers credit risk, with
the exception of the Market-Linked Certificates of Deposit which have FDIC insurance, subject to applicable limitations. Please refer to the relevant investments offering documents and related material(s) for additional information
|
|
|
|
|
12
|
|
CitiFirst Offerings
Brochure
|
December 2016
|
|
|
|
|
|
Enhanced Barrier Digital Plus Securities Based on the Dow Jones Industrial Average
TM
|
|
|
Indicative Terms*
|
|
|
Issuer:
|
|
Citigroup Global Markets Holdings Inc., a wholly owned subsidiary of Citigroup Inc.
|
Guarantee:
|
|
All payments due on the securities are fully and unconditionally guaranteed by Citigroup
Inc.
|
Underlying index:
|
|
Dow Jones Industrial Average
TM
(ticker symbol: INDU)
|
Stated principal amount:
|
|
$1,000 per security
|
Pricing date:
|
|
December , 2016 (expected to be December 21, 2016)
|
Issue date:
|
|
December , 2016 (three business days after the pricing date)
|
Valuation date:
|
|
December , 2021 (expected to be December 21, 2021), subject to postponement if
such date is not a scheduled trading day or if certain market disruption events occur
|
Maturity date:
|
|
December , 2021 (expected to be December 27, 2021)
|
Payment at maturity:
|
|
For each $1,000 stated principal amount security you hold at maturity:
|
|
|
|
|
If the final index level is
greater than
or equal to
the barrier level:
|
|
|
|
|
$1,000 + the greater of (i) the fixed return amount and (ii) $1,000 x the index percent increase
|
|
|
|
|
If the final index level is
less than
the barrier level:
|
|
|
|
|
$1,000 x the index performance factor
|
|
|
|
|
If the final index level is less than the barrier level, your payment at maturity will be less, and possibly significantly less,
than $800.00 per security. You should not invest in the securities unless you are willing and able to bear the risk of losing a significant portion of your investment.
|
Initial index level:
|
|
, the closing level of the underlying index on the pricing date
|
Final index level:
|
|
The closing level of the underlying index on the valuation date
|
Fixed return amount:
|
|
$200.00 to $230.00 per security (20.00% to 23.00% of the stated principal amount), to be determined on the pricing date. You will
receive the fixed return amount only if the final index level is greater than or equal to the barrier level.
|
Index performance factor:
|
|
The final index level
divided by
the initial index level
|
Index percent increase:
|
|
The final index level
minus
the initial index level,
divided by
the initial index
level
|
Barrier level:
|
|
, 80.00% of the initial index level
|
Listing:
|
|
The securities will not be listed on any securities exchange and, accordingly, may have limited or no liquidity. You should not
invest in the securities unless you are willing to hold them to maturity.
|
CUSIP:
|
|
17324CCX2
|
For questions, please call your
Financial Advisor
* The information listed above is not intended to be a complete description of all of the terms,
risks and benefits of a particular investment. All maturities are approximate. All terms in brackets are indicative only and will be set on the applicable pricing date. All returns and any principal amount due at maturity are subject to the
applicable issuers credit risk, with the exception of the Market-Linked Certificates of Deposit which have FDIC insurance, subject to applicable limitations. Please refer to the relevant investments offering documents and related
material(s) for additional information
|
|
|
|
|
|
|
CitiFirst Offerings Brochure
|
December 2016
|
|
13
|
Investor Profile
|
|
|
|
|
|
|
|
|
Investor Seeks:
|
|
|
|
Investor Can Accept:
|
¡
|
|
A medium-term equity index-linked investment
|
|
|
|
¡
|
|
A holding period of approximately 5 years
|
|
|
|
|
|
¡
|
|
A risk-adjusted equity complement
|
|
|
|
¡
|
|
The possibility of losing a significant portion of the principal amount invested
|
|
|
|
|
|
|
|
|
|
|
|
¡
|
|
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
|
A complete description of the risks associated with this investment is outlined in the
Summary Risk Factors section of the applicable preliminary pricing supplement.
For questions, please call your Financial Advisor
* The information listed above is not intended to be a complete description of all of the terms, risks and benefits of a particular investment. All maturities are approximate. All terms in brackets
are indicative only and will be set on the applicable pricing date. All returns and any principal amount due at maturity are subject to the applicable issuers credit risk, with the exception of the Market-Linked Certificates of Deposit which
have FDIC insurance, subject to applicable limitations. Please refer to the relevant investments offering documents and related material(s) for additional information
|
|
|
|
|
14
|
|
CitiFirst Offerings
Brochure
|
December 2016
|
|
|
General Overview of Investments
|
|
|
|
|
|
|
Investments
|
|
Maturity
|
|
Risk Profile*
|
|
Return*
|
Contingent Absolute Return MLDs/Notes
|
|
1-2 Years
|
|
Full principal
amount due at
maturity
|
|
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
|
|
1-5 Years
|
|
Full principal
amount due at
maturity
|
|
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
|
|
3-5 Years
|
|
Full principal
amount due at
maturity
|
|
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
|
|
3-7 Years
|
|
Full principal
amount due at
maturity
|
|
The return on the investment equals the greater of the return of the underlying multiplied by a participation rate and zero; the maximum return is capped
|
|
|
|
|
|
|
|
Investments
|
|
Maturity
|
|
Risk Profile*
|
|
Return*
|
ELKS
®
|
|
6-13 Months
|
|
Payment at
maturity may be
less than the
principal amount
|
|
A fixed coupon is paid regardless of the performance of the underlying. If the underlying never crosses a downside threshold, the
return on the investment equals the coupons paid. Otherwise, the return equals the sum of the coupons paid and the return of the underlyingat maturity
|
Buffer Notes
|
|
1-5 Years
|
|
Payment at
maturity may be
less than the
principal amount
|
|
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. If the return of the underlying is either zero or negative by an amount lesser than the buffer amount, the investor receives the stated principal amount.
Otherwise, the return on the investment equals the return of the underlying plus the buffer amount
|
CoBas/PACERS
SM
|
|
1-5 Years
|
|
Payment at
maturity may be
less than the
principal amount
|
|
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 equals zero
|
LASERS
SM
|
|
1-5 Years
|
|
Payment at
maturity may be
less than the
principal amount
|
|
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
|
|
|
|
|
|
|
|
Investments
|
|
Maturity
|
|
Risk Profile*
|
|
Return*
|
Upturn Notes
|
|
1-2 Years
|
|
Payment at
maturity may be
zero
|
|
If the underlying is above its initial level 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
|
|
1-2 Years
|
|
Payment at
maturity may be
zero
|
|
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
|
|
3-4 Years
|
|
Payment at
maturity may be
zero
|
|
The return on the investment equals the return of a unique index created by Citi
|
*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 has FDIC insurance, subject to applicable limitations.
This is not a complete list of
CitiFirst structures. 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 material(s) of a particular investment for a comprehensive description of the structure, terms, risks and benefits related to that investment.
|
|
|
|
|
|
|
CitiFirst Offerings Brochure
|
December 2016
|
|
15
|
Important Information for the Monthly Offerings
Investment Information
The investments set forth in
the previous pages are intended for general indication only of the CitiFirst Investments offerings. The issuer reserves the right to terminate any offering prior to its pricing date or to close ticketing early on any offering.
SEC Registered (Public) Offerings
Each issuer, if applicable,
has separately 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 in any
of the registered offerings identified in this Offerings Brochure, you should read the prospectus in the applicable registration statement and the other documents the issuer and guarantor, if applicable, have filed with the SEC for more complete
information about that issuer and offerings. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov.
For Registered Offerings Issued by:
Citigroup Inc.
Issuers Registration Statement Numbers:
333-192302
and
333-192302-06
Issuers CIK on the SEC Website:
0000831001
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 securities described herein are not bank deposits but are senior, unsecured debt obligations of the issuer. The SEC registered securities are not insured or guaranteed by the
Federal Deposit Insurance Corporation (FDIC) or any other governmental agency or instrumentality.
Market-Linked Certificates of Deposit
The Market-Linked Deposits
(MLDs) are not SEC registered offerings and are not required to be so registered. For indicative terms and conditions on any MLD, please contact your Financial Advisor or call the toll-free number 1-800-831-9146.
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16
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CitiFirst Offerings
Brochure
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December 2016
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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 issuers 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 or guarantors ability to pay all
amounts
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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
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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 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.
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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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CitiFirst Offerings Brochure
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December 2016
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17
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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 Citigroup 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 Citigroup 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 Matters 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 permitted under applicable law and in accordance with the offering documents 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.
To discuss CitiFirst investment ideas and strategies,
Financial Advisors, Private Bankers and other distribution partners may call our sales team. Private Investors should call their financial advisor or private banker.
Client service number for Financial Advisors and Distribution Partners in the Americas:
+1 (212) 723-3136
For more information, please go to
www.citifirst.com
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Standard & Poors, S&P 500
®
, and S&P
®
are trademarks of The McGraw-Hill Companies, Inc. and have
been licensed for use by Citigroup Inc.
Dow Jones Industrial AverageTM is a service mark of Dow Jones & Company, Inc. (Dow Jones) and has been licensed for use by Citigroup Funding Inc. The Notes described herein are not
sponsored, endorsed, sold or promoted by Dow Jones and Dow Jones makes no warranties and bears no liability with respect to the Notes.
EURO STOXX 50
®
is a service mark
of STOXX Limited and/or its licensors that has been sublicensed for use for certain purposes by Citigroup Inc. and its affiliates. For more information, see Equity Index Descriptions EURO STOXX 50
®
Index License Agreement with STOXX Limited in the accompanying underlying supplement.
Citi Personal Wealth
Management is a business of Citigroup Inc., which offers investment products through Citigroup Inc., member SIPC. Citibank, N.A. is an affiliated company under control of Citigroup Inc.
©
2016 Citigroup Inc. Citi and Citi with Arc Design are registered service marks of Citigroup Inc. or its affiliates.
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