Filed Pursuant to Rule 433
Registration No. 333-192302
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CitiFirst Protection Investments |
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Market-Linked Notes Based on the Dow Jones Industrial Average TM |
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CitiFirst Performance Investments |
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Autocallable Contingent Coupon Equity Linked Securities Based on the Common Stock of Facebook, Inc. |
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For all offerings documented herein (other than the Market-Linked Certificates of Deposit):
Investment Products | Not FDIC Insured | May Lose Value | No Bank Guarantee |
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Introduction to CitiFirst Investments
CitiFirst is the brand 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:
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CitiFirst Protection
Full principal amount due at maturity |
CitiFirst Performance
Payment due at maturity may be less than the principal amount |
CitiFirst Opportunity
Payment due at maturity may be zero | ||
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 | 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 | Investments provide for a payment at maturity, subject to the credit 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. The SEC registered securities described herein 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.
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:
For instance, if a CitiFirst Performance investment were based upon a single stock, which belongs to an equity asset class, its symbol would be shown as follows: |
Classification of investments into categories is not intended to guarantee particular results or performance. Though the potential returns on structured investments are based upon the performance of the relevant underlying asset or index, investing in a structured investment is not equivalent to investing directly in the underlying asset or index.
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Market-Linked Notes Based on the Dow Jones Industrial AverageTM |
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Indicative Terms*
Issuer: | Citigroup Inc. | |
Underlying index: | Dow Jones Industrial AverageTM (ticker symbol: INDU) | |
Stated principal amount: | $1,000 per note | |
Pricing date: | September , 2014 (expected to be September 29, 2014) | |
Issue date: | October , 2014 (three business days after the pricing date) | |
Valuation dates: | The day of each March, June, September and December (expected to be the 29th day of each March, June, September and December) during the term of the notes, each subject to postponement if such date is not a scheduled trading day or if certain market disruption events occur | |
Maturity date: | April , 2020 (expected to be April 2, 2020) | |
Payment at maturity: | For each note, the $1,000 stated principal amount per note plus the note return amount, which will be either zero or positive | |
Note return amount: | ¡ If the average index return percentage is greater than zero:
$1,000 x average index return percentage x upside participation rate
¡ If the average index return percentage is less than or equal to zero: $0 | |
Average index return percentage: |
The arithmetic average of the interim index return percentages, as measured on each of the valuation dates | |
Interim index return percentage: |
On each valuation date: (ending index level initial index level) / initial index level | |
Initial index level: | , the closing level of the underlying index on the pricing date | |
Ending index level: | The closing level of the underlying index on the relevant valuation date | |
Upside participation rate: | 90% to 100%. The actual upside participation rate will be determined on the pricing date. | |
Listing: | The notes will not be listed on any securities exchange and, accordingly, may have limited or no liquidity. You should not invest in the notes unless you are willing to hold them to maturity. | |
CUSIP: | 1730T0Y37 | |
Selling Concession (paid to advisors): |
3.00% |
Investor Profile
Investor Seeks: |
Investor Can Accept: | |||||||
¡ |
A medium-term equity index-linked investment | ¡ | A holding period of approximately 5.5 years | |||||
¡ |
Full principal amount due at maturity |
¡ | 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.
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Buffer Securities Based on the Russell 2000® Index |
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Indicative Terms*
Issuer: | Citigroup Inc. | |
Underlying shares: | The Russell 2000® Index (ticker symbol: RTY) | |
Stated principal amount: | $1,000 per security | |
Pricing date: | September , 2014 (expected to be September 29, 2014) | |
Issue date: | October , 2014 (three business days after the pricing date) | |
Valuation date: | September , 2019 (expected to be September 30, 2019), subject to postponement if such date is not a scheduled trading day or if certain market disruption events occur | |
Maturity date: | October , 2019 (expected to be October 3, 2019) | |
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, subject to the maximum return at maturity
¡ If the final index level is equal to or less than the initial index level by an amount equal to 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 × the index performance factor) + $200.00
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 final 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 × index percent increase | |
Maximum return at maturity: | $520.00 to $570.00 per security (52.00% to 57.00% of the stated principal amount), to be determined on the pricing date. Because of the maximum return at maturity, the payment at maturity will not exceed $1,520.00 to $1,570.00 per security. | |
Buffer amount: | 20.00% | |
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: | 730T0X53 | |
Selling Concession (paid to advisors): |
3.00% |
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Investor Profile
Investor Seeks: |
Investor Can Accept: | |||||||
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A medium-term equity index-linked investment |
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A holding period of approximately 5 years | |||||
¡ | 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.
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Autocallable Contingent Coupon Equity Linked Securities Based on the Common Stock of Facebook, Inc. |
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Indicative Terms*
Issuer: | Citigroup Inc. | |
Underlying shares: | Shares of Class A common stock of Facebook, Inc. (NASDAQ symbol: FB) (the underlying share issuer) | |
Stated principal amount: | $1,000 per security | |
Pricing date: | September , 2014 (expected to be September 26, 2014) | |
Issue date: | October , 2014 (three business days after the pricing date) | |
Valuation dates: | Expected to be December 26, 2014, March 26, 2015, June 26, 2015 and September 28, 2015 (the final valuation date) 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, October , 2015 (expected to be October 1, 2015) | |
Contingent coupon payment dates: | For any valuation date, the fifth business day after such valuation date, except that the contingent coupon payment date for the final valuation date will be the maturity date | |
Contingent coupon: | On each quarterly contingent coupon payment date, unless previously redeemed, the securities will pay a contingent coupon equal to 2.00% to 2.50% (equal to approximately 8.00% to 10.00% 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 of the first three quarterly valuation dates, 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, for each $1,000 stated principal amount security you hold at maturity:
¡ 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 final barrier price: a fixed number of underlying shares equal to the equity ratio (or, if we exercise our cash election right, the cash value of those shares based on the closing price of the underlying shares on the final valuation date)
If the final share price is less than the final barrier price, you will receive underlying shares (or, in our sole discretion, cash) worth less than 77.50% 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 | |
Coupon barrier price: | $ , 77.50% of the initial share price | |
Final barrier price: | $ , 77.50% of the initial share price | |
Equity ratio: | , the stated principal amount divided by the initial share price, subject to anti-dilution adjustments for certain corporate events | |
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: | 1730T0X61 | |
Selling Concession (paid to advisors): |
1.00% | |
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Investor Profile
Investor Seeks: |
Investor Can Accept: | |||||||
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A medium-term equity index-linked investment |
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A holding period of approximately 1 years | |||||
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Contingent coupon payments |
¡ | The possibility of losing a significant portion of the principal amount invested | |||||
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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.
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CitiFirst Offerings Brochure | September 2014
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Barrier Securities Based on the EURO STOXX 50® Index |
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Indicative Terms*
Issuer: | Citigroup Inc. | |
Underlying index: | The EURO STOXX 50® Index (ticker symbol: SX5E) | |
Stated principal amount: | $1,000 per security | |
Pricing date: | September , 2014 (expected to be September 16, 2014) | |
Issue date: | September , 2014 (three business days after the pricing date) | |
Valuation date: | September 2018 (expected to be September 17, 2018), subject to postponement if such date is not a scheduled trading day or if certain market disruption events occur | |
Maturity date: | September , 2018 (expected to be September 20, 2018) | |
Payment at maturity: | For each $1,000 stated principal amount security you hold at maturity:
¡ If the final share price is greater than or equal to the initial index level: $1,000 + the greater of (i) the fixed return amount and (ii) $1,000 × the index percent increase
¡ If the final index level is less than the initial index level but greater than or equal to the barrier level: $1,000
¡ If the final index level is less than the barrier level: $1,000 × the index performance factor
If the final share price is less than the barrier level, your payment at maturity will be less, and possibly significantly less, than $700.00 per security. You should not invest in the securities unless you are willing and able to bear the risk of losing a significant portion, 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 | |
Fixed return amount: | $370.00 to $410.00 per security (37.00% to 41.00% 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 initial index 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: | , 70.00% 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: | 1730T0X95 | |
Selling Concession (paid to advisors): |
1.50% |
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Investor Profile
Investor Seeks: |
Investor Can Accept: | |||||||
¡ |
A medium-term equity index-linked investment |
¡ |
A holding period of approximately 4 years | |||||
¡ | 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.
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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 |
1-3 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 |
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 underlying at maturity | |||
Buffer Notes | 1-3 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; Otherwise, the return equals the lesser of (a) the return of the underlying plus the buffer amount and (b) zero | |||
PACERSSM | 1-3 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 | |||
LASERSSM | 3-4 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 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 |
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.
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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 Number: 333-192302
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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and Risks of CitiFirst Investments
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Notes
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) 723-7288
For more information, please go to www.citifirst.com
Russell 2000® Index is a trademark of the Russell Investment Group and has been licensed for use by Citigroup Inc.
Dow Jones Industrial AverageTM is a trademark of Dow Jones & Company, Inc. (Dow Jones) and has been licensed for use by Citigroup 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.
©2014 Citigroup Inc. Citi and Citi with Arc Design are registered service marks of Citigroup Inc. or its affiliates.