Filed pursuant to Rule 433
Registration No. 333-192302
2
|
CitiFirst Offerings Brochure | November 2014
|
3 | ||
CitiFirst Protection Investments |
||
4 | ||
5 | ||
7 | ||
9 | ||
11 | ||
13 | ||
15 | ||
CitiFirst Performance Investments |
||
17 | ||
19 | ||
21 | ||
23 | ||
8 | ||
|
25 | |
26 | ||
27 | ||
28 |
For all offerings documented herein (other than the Market-Linked Certificates of Deposit):
Investment Products | Not FDIC Insured | May Lose Value | No Bank Guarantee |
3
|
CitiFirst Offerings Brochure | November 2014
|
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:
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 |
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.
4
|
CitiFirst Offerings Brochure | November 2014
|
Market-Linked Notes Based on the S&P 500® Index |
Indicative Terms*
Issuer: | Citigroup Inc. | |
Underlying index: | The S&P 500® Index (ticker symbol: SPX) | |
Stated principal amount: | $1,000 per note | |
Pricing date: | November , 2014 (expected to be November 24, 2014) | |
Issue date: | November , 2014 (three business days after the pricing date) | |
Valuation dates: | The day of each February, May, August and November (expected to be the 24th day of each February, May, August and November), 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: | May , 2020 (expected to be May 29, 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: | 85.00% to 95.00%. 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: | 1730T03C1 | |
Selling Concession (paid to advisors): | 3.00% |
Investor Profile
Investor Seeks: |
Investor Can Accept: | |||||||
n |
A medium-term equity index-linked investment |
n |
A holding period of approximately 5.5 years | |||||
n |
Full principal amount due at maturity |
n |
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.
5
|
CitiFirst Offerings Brochure | November 2014
|
Callable Fixed to CMS Linked Notes (CMS30 / CMS5) |
Indicative Terms*
Issuer: | International Bank for Reconstruction and Development (World Bank or IBRD) | |
Notes: | Callable Fixed to CMS Linked Notes Due November [26], 2024 | |
Issue price: | $1,000 per Note | |
Trade date: | November , 2014 (expected to be November 19, 2014) | |
Issue date: | November , 2014 (five Business Days after the trade date). | |
Maturity date: | November , 2024 (expected to be November 26, 2029) | |
Interest: | Initial Rate: The Notes will bear interest at the rate of [5.00]% per annum during each Interest Period from and including November [26], 2014 to but excluding November [26], 2015.
Subsequent Rate: Unless earlier redeemed by the World Bank, from and including November [26], 2015 to but excluding the Maturity Date, the Notes will bear interest during each Interest Period at the per annum rate determined on the second U.S. government Securities Business Day prior to the beginning of such Interest Period equal to the greater of (i) [5.00] times the CMS Spread, subject to a maximum interest rate of [8.00]% per annum for any interest period, and (ii) 0%. The CMS Spread will be equal to the 30-year 30/360 USD Semi-annual Constant Maturity Swap Rate (CMS30) minus the 5-year 30/360 USD Semi-annual Constant Maturity Swap Rate (CMS5), as determined on the second U.S. Government Securities Business Day prior to the start of each Interest Period. Interest on the Notes will accrue on the basis of a 360-day year of twelve 30-day months. | |
Minimum interest rate: | 0% | |
Maximum interest rate: | [8.00]% per annum | |
Interest period: | Each semi-annual period from and including an Interest Payment Date (or the Issue Date, in the case of the first period) to but excluding the next Interest Payment Date. | |
Interest payment dates: | May [26] and November [26] of each year, from and including May [26], 2015, to and including the Maturity Date (or Optional Redemption Date, if applicable). | |
Payment at maturity: | On the Maturity Date you will receive the nominal amount of your Notes plus any accrued and unpaid interest. | |
Call option: | The Notes will be redeemable at the option of the World bank, in whole only, on any Interest Payment Date, commencing on and including the Interest Payment date on November [26], 2015, upon written notice of a minimum of five Business Days, at 100% of the nominal amount plus any accrued and unpaid interest (such date, the Optional Redemption 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: | 45905UQS6 | |
Selling Concession (paid to advisors): | up to 1.50% |
Investor Profile
Investor Seeks: |
Investor Can Accept: | |||||||
n |
Full principal amount due at maturity |
n |
A holding period of approximately 15 years | |||||
n |
A callable long-term interest rate investment |
n |
The possibility of losing part or all of the principal amount invested if not held to maturity | |||||
n |
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 |
6
|
CitiFirst Offerings Brochure | November 2014
|
A complete description of the risks associated with this investment is outlined in the Risk Factors Relating to the Notes 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.
7
|
CitiFirst Offerings Brochure | November 2014
|
This page left intentionally blank
8
|
CitiFirst Offerings Brochure | November 2014
|
This page left intentionally blank
9
|
CitiFirst Offerings Brochure | November 2014
|
Fixed to Floating Rate Notes |
Indicative Terms*
Issuer: | Citigroup Inc. | |
Stated principal amount: | $1,000 per Note | |
Pricing date: | November , 2014 (expected to be November 21, 2014) | |
Issue date: | November , 2014 (three business days after the pricing date) | |
Maturity date: | Unless earlier called by us, November , 2034 (expected to be November 26, 2034) | |
Payment at maturity: | At maturity, unless we have earlier called the notes, you will receive for each note you then hold an amount in cash equal to $1,000 plus any accrued and unpaid interest | |
Interest: | During each interest period from and including the issue date to but excluding November , 2015 (expected to be November 26, 2015), the notes will bear interest at a fixed rate of 10.00% per annum
During each interest period commencing on or after November , 2015 (expected to be November 26, 2015), the notes will bear interest at a floating rate equal to 10 times the modified CMS reference index, as determined on the CMS reference determination date for that interest period, subject to a maximum interest rate of 10.00% per annum and a minimum interest rate of 0.00% per annum
After the first year of the term of the notes, interest payments will vary based on fluctuations in the modified CMS reference index. After the first year, the notes may pay a below-market rate or no interest at all for an extended period of time, or even throughout the entire remaining term. | |
CMS reference index: | On any CMS reference determination date, CMS30 minus CMS2, each as determined on that CMS reference determination date | |
Modified CMS reference index: | The CMS reference index minus 0.875% | |
CMS reference determination date: | For any interest period commencing on or after November , 2015 (expected to be November 26, 2015), the second U.S. government securities business day prior to the first day of that interest period | |
Interest period: | Each three-month period from and including an interest payment date (or the issue date, in the case of the first interest period) to but excluding the next interest payment date | |
Interest payment dates: | The day of each February, May, August and November (expected to be the 26th day of each February, May, August and November), beginning on February , 2015 (expected to be February 26, 2015) and ending on the maturity date or, if applicable, the date when the notes are redeemed | |
Day count convention: | During each interest period, interest will be calculated on the basis of a 360-day year consisting of twelve 30-day months. The amount of each interest payment, if any, will equal (i) the stated principal amount of the notes multiplied by the interest rate in effect during the applicable interest period divided by (ii) 4 | |
Call right: | We may call the notes, in whole and not in part, for mandatory redemption on any interest payment date beginning on November , 2015 (expected to be October 31, 2015), upon not less than five business days notice. Following an exercise of our call right, you will receive for each note you then hold an amount in cash equal to $1,000 plus any accrued and unpaid interest. | |
CUSIP: | 1730T02V0 | |
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. | |
Selling Concession (paid to advisors): | up to 3.50% |
Investor Profile
Investor Seeks: |
Investor Can Accept: | |||||||
n |
Full principal amount due at maturity |
n |
A holding period of approximately 20 years | |||||
n |
Quarterly interest payments |
n |
The possibility of losing part or all of the principal amount invested if not held to maturity | |||||
n |
A callable long-term interest rate investment |
n |
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 |
10
|
CitiFirst Offerings Brochure | November 2014
|
A complete description of the risks associated with this investment is outlined in the Risk Factors Relating to the Notes 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.
11
|
CitiFirst Offerings Brochure | November 2014
|
Non-Callable Fixed to Floating Rate Notes |
Indicative Terms*
Issuer: | Citigroup Inc. | |
Stated principal amount: | $1,000 per note | |
Pricing date: | November , 2014 (expected to be November 10, 2014) | |
Issue date: | November , 2014 (three business days after the pricing date) | |
Maturity date: | November , 2024 (expected to be November 14, 2024). If the maturity date is not a business day, then the payment required to be made on the maturity date will be made on the next succeeding business day with the same force and effect as if it had been made on the maturity date. No additional interest will accrue as a result of delayed payment. | |
Principal due at maturity: | Full principal due at maturity | |
Payment at maturity: | 1,000 plus any accrued and unpaid interest | |
Interest rate per annum: | From and including the original issue date to but excluding November , 2015 (expected to be November 14, 2015): 2.25% From and including November , 2015 (expected to be November 14, 2015) to but excluding the maturity date: a floating rate equal to 3-month U.S. dollar LIBOR determined on the second London business day prior to the first day of the applicable interest period plus a spread of 1.20%, subject to a minimum interest rate of 0.00% per annum and a maximum interest rate of 6.00% per annum for any interest period | |
Interest period: | The three-month period from the original issue date to but excluding the immediately following interest payment date, and each successive three-month period from and including an interest payment date to but excluding the next interest payment date | |
Interest payment dates: | Quarterly on the day of each February, May, August and November of each year (expected to be the 14th day of each February, May, August and November of each year), commencing February , 2015 (expected to be February 14, 2015) and ending on the maturity date, provided that if any such day is not a business day, the applicable interest payment will be made on the next succeeding business day. No additional interest will accrue on that succeeding business day. Interest will be payable to the persons in whose names the notes are registered at the close of business on the business day preceding each interest payment date, which we refer to as a regular record date, except that the interest payment due at maturity will be paid to the persons who hold the notes on the maturity date. | |
Day count convention: | 30/360 Unadjusted. See Determination of Interest Payments in this pricing supplement. | |
Business day: | Any day that is not a Saturday or Sunday and that, in New York City, is not a day on which banking institutions are authorized or obligated by law or executive order to close | |
Business day convention: | Following | |
CUSIP: | 1730T02S7 | |
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. | |
Selling Concession (paid to advisors): | up to 0.50% |
Investor Profile
Investor Seeks: |
Investor Can Accept: | |||||||
n |
Full principal amount due at maturity |
n |
A holding period of approximately 10 years | |||||
n |
Contingent interest payments |
n |
The possibility of losing part or all of the principal amount invested if not held to maturity | |||||
n |
A long-term interest rate investment |
n |
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 |
12
|
CitiFirst Offerings Brochure | November 2014
|
A complete description of the risks associated with this investment is outlined in the Risk Factors Relating to the Notes 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.
13
|
CitiFirst Offerings Brochure | November 2014
|
Callable Step-Up Coupon Notes |
|
Indicative Terms*
Issuer: | Citigroup Inc. | |
Stated principal amount: | $1,000 per note | |
Pricing date: | November , 2014 (expected to be November 24, 2014) | |
Original Issue date: | November , 2014 (three business days after the pricing date) | |
Maturity date: | November , 2019 (expected to be November 28, 2019). If the maturity date is not a business day, then the payment required to be made on the maturity date will be made on the next succeeding business day with the same force and effect as if it had been made on the maturity date. No additional interest will accrue as a result of delayed payment. | |
Principal due at maturity: | Full principal due at maturity | |
Payment at maturity: | $1,000 per note plus any accrued and unpaid interest | |
Interest rate per annum: | From and including the original issue date to but excluding November , 2015 (expected to be November 28, 2015): 1.50% From and including November , 2015 (expected to be November 28, 2015) to but excluding November , 2016 (expected to be November 28, 2016), unless redeemed by us: 1.75% From and including November , 2016 (expected to be November 28, 2016) to but excluding November , 2017 (expected to be November 28, 2017), unless redeemed by us: 2.00% From and including November , 2017 (expected to be November 28, 2017) to but excluding November , 2018 (expected to be November 28, 2018), unless redeemed by us: 2.25% From and including November , 2018 (expected to be November 28, 2018) to but excluding the maturity date, unless redeemed by us: 2.50% | |
Interest period: | The three-month period from the original issue date to but excluding the immediately following interest payment date, and each successive three-month period from and including an interest payment date to but excluding the next interest payment date | |
Interest payment dates: | Quarterly on the day of each February, May, August and November of each year (expected to be the 28th day of each February, May, August and November of each year), commencing February , 2015 (expected to be February 28, 2015) and ending on the maturity date, provided that if any such day is not a business day, the applicable interest payment will be made on the next succeeding business day. No additional interest will accrue on that succeeding business day. Interest will be payable to the persons in whose names the notes are registered at the close of business on the business day preceding each interest payment date, which we refer to as a regular record date, except that the interest payment due at maturity or upon earlier redemption will be paid to the persons who hold the notes on the maturity date or earlier date of redemption, as applicable. | |
Day count convention: | 30/360 Unadjusted. | |
Redemption: | Beginning on November , 2015 (expected to be November 28, 2015), we have the right to call the notes for mandatory redemption, in whole and not in part, on any redemption date and pay to you 100% of the principal amount of the notes plus accrued and unpaid interest to but excluding the date of such redemption. If we decide to redeem the notes, we will give you notice at least five business days before the redemption date specified in the notice. So long as the notes are represented by global securities and are held on behalf of The Depository Trust Company (DTC), redemption notices and other notices will be given by delivery to DTC. If the notes are no longer represented by global securities and are not held on behalf of DTC, redemption notices and other notices will be published in a leading daily newspaper in New York City, which is expected to be The Wall Street Journal. | |
Redemption dates: | November , 2015 (expected to be November 28, 2015) and each interest payment date thereafter | |
Business day: | Any day that is not a Saturday or Sunday and that, in New York City, is not a day on which banking institutions are authorized or obligated by law or executive order to close | |
CUSIP: | 1730T02W8 | |
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. | |
Selling Concession (paid to advisors): | up to 1.00% |
14
|
CitiFirst Offerings Brochure | November 2014
|
Investor Profile
Investor Seeks: |
Investor Can Accept: | |||||||
n |
Full principal amount due at maturity |
n |
A holding period of approximately 5 years | |||||
n |
Contingent interest payments |
n |
The possibility of losing part or all of the principal amount invested if not held to maturity | |||||
n |
A callable medium-term interest rate |
n |
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 Risk Factors Relating to the Notes 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.
15
|
CitiFirst Offerings Brochure | November 2014
|
Callable Fixed to Floating Rate Notes |
Indicative Terms*
Issuer: | Citigroup Inc. | |||||
Stated principal amount: | $1,000 per note | |||||
CMS reference index: | On any CMS reference determination date, CMS30 minus CMS5, each as determined on that CMS reference determination date | |||||
Underlying index: | S&P 500® Index | |||||
Pricing date: | November , 2014 (expected to be November 21, 2014) | |||||
Issue date: | November , 2014 (three business days after the pricing date) | |||||
Maturity date: | Unless earlier redeemed, November , 2029 (expected to be November 26, 2029) | |||||
Payment at maturity: | Unless earlier redeemed by us, $1,000 per note plus the coupon payment due at maturity, if any | |||||
From and including the issue date to but excluding November , 2015 (expected to be November 26, 2015): 8.00% From and including November , 2015 (expected to be November 26, 2015) to but excluding the maturity date: you will receive a coupon payment at an annual rate equal to the variable coupon rate for that coupon payment date. The variable coupon rate for any coupon payment date will be determined as follows: | ||||||
Coupon payments: | relevant contingent rate per annum × |
number of accrual days during the related accrual period |
||||
number of elapsed days during the related accrual period | ||||||
The variable quarterly coupon payment per note would then be equal to (i) $1,000 multiplied by the variable coupon rate per annum divided by (ii) 4.
If the number of accrual days in a given accrual period is less than the number of elapsed days in that accrual period, the variable coupon rate for the related coupon payment date will be less than the full relevant contingent rate, and if there are no accrual days in a given accrual period, the variable coupon rate for the related coupon payment date will be 0.00%. | ||||||
Relevant contingent rate: | The relevant contingent rate for any coupon payment date after the first year following issuance of the notes means: 4.00 × the CMS reference index (as of the CMS reference determination date for the related accrual period), subject to a minimum contingent rate of 0.00% per annum and a maximum contingent rate of 8.00% per annum. If the CMS reference index for any accrual period is less than or equal to 0.00%, the relevant contingent rate for that accrual period will be 0.00% and you will not receive any coupon payment on the related coupon payment date. The relevant contingent rate will in no event exceed 8.00% per annum. | |||||
Coupon payment dates: | Expected to be the 26th day of each February, May, August and November, and expected to begin on February 25, 2015 | |||||
Accrual period: | For each coupon payment date after the first year following issuance of the notes, the period from and including the immediately preceding coupon payment date to but excluding such coupon payment date | |||||
CMS reference determination dates: | For any accrual period commencing on or after November , 2015 (expected to be November 26, 2015), the second U.S. government securities business day prior to the first day of that accrual period | |||||
Maximum contingent rate: | 8.00% per annum | |||||
Minimum contingent rate: | 0.00% per annum | |||||
Accrual day: | An elapsed day on which the accrual condition is satisfied | |||||
Elapsed day: | Calendar day | |||||
Accrual condition: | The accrual condition will be satisfied on an elapsed day if the closing level of the underlying index is greater than or equal to the accrual barrier level on that elapsed day. | |||||
Initial index level: | , the closing level of the underlying index on the pricing date | |||||
Accrual barrier level: | , 75.00% of the initial index level | |||||
Early redemption: | We have the right to redeem the notes, in whole and not in part, quarterly on any coupon payment date on or after November , 2015 (expected to be November 26, 2015) upon not less than five business days notice for an amount in cash equal to 100% of the stated principal amount of your notes plus the coupon payment due on the date of redemption, if any | |||||
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: | 1730T02X6 | |||||
Selling Concession (paid to advisors): | up to 3.50% |
16
|
CitiFirst Offerings Brochure | November 2014
|
Investor Profile
Investor Seeks: |
Investor Can Accept: | |||||||
n |
Full principal amount due at maturity |
n |
A holding period of approximately 15 years | |||||
n |
Contingent coupon |
n |
The possibility of losing part or all of the principal amount invested if not held to maturity | |||||
n |
A callable long-term equity and interest-rate linked investment |
n |
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 Risk Factors Relating to the Notes 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.
17
|
CitiFirst Offerings Brochure | November 2014
|
Autocallable Contingent Coupon Equity Linked Securities Based on the Common Stock of United Rentals, Inc. |
Indicative Terms*
Issuer: | Citigroup Inc. | |
Underlying shares: | Shares of the common stock of United Rentals, Inc. (NYSE symbol: URI) (the underlying share issuer) | |
Stated principal amount: | $1,000 per security | |
Pricing date: | November , 2014 (expected to be November 14, 2014) | |
Issue date: | November , 2014 (three business days after the pricing date) | |
Valuation dates: | Expected to be February 14, 2015, May 14, 2015, August 14, 2015 and November 14, 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, November , 2015 (expected to be November 19, 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 2.25% to 2.75% (equal to approximately 9.00% to 11.00% 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 seven 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 75.00% 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 | |
Coupon barrier price: | $ , 75.00% of the initial share price | |
Final barrier price: | $ , 75.00% 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: | 1730T02T5 | |
Selling Concession (paid to advisors): | 1.00% |
18
|
CitiFirst Offerings Brochure | November 2014
|
Investor Profile
Investor Seeks: |
Investor Can Accept: | |||||||
¡ |
A holding period of approximately 1 year | |||||||
¡ |
A short-term equity-linked investment |
¡ |
The possibility of losing a significant portion of the principal amount invested | |||||
¡ |
Contingent coupon payments |
|||||||
¡ |
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.
19
|
CitiFirst Offerings Brochure | November 2014
|
Autocallable Contingent Coupon Equity Linked Securities Based on the Class A Common Stock of Facebook, Inc. |
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: | November , 2014 (expected to be November 21, 2014) | |
Issue date: | November , 2014 (three business days after the pricing date) | |
Valuation dates: | Expected to be February 23, 2015, May 21, 2015, August 21, 2015 and November 23, 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, November , 2015 (expected to be November 27, 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 2.25% to 2.75% (equal to approximately 9.00% to 11.00% 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 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 | |
Coupon barrier price: | $ , 80.00% of the initial share price | |
Final barrier price: | $ , 80.00% 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: | 1730T03B3 | |
Selling Concession (paid to advisors): | 1.00% |
20
|
CitiFirst Offerings Brochure | November 2014
|
Investor Profile
Investor Seeks: |
Investor Can Accept: | |||||||
¡ |
A holding period of approximately 1 year | |||||||
¡
¡ |
A short-term equity-linked investment
Contingent coupon payments |
¡ |
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.
21
|
CitiFirst Offerings Brochure | November 2014
|
Barrier Digital Plus Securities Based on the S&P 500® Index |
Indicative Terms*
Issuer: | Citigroup Inc. | |
Underlying index: | The S&P 500® Index (ticker symbol: SPX) | |
Stated principal amount: | $1,000 per security | |
Pricing date: | November , 2014 (expected to be November 7, 2014) | |
Issue date: | November , 2014 (three business days after the pricing date) | |
Valuation date: | November , 2018 (expected to be November 7, 2018), subject to postponement if such date is not a scheduled trading day or if certain market disruption events occur | |
Maturity date: | November , 2018 (expected to be November 13, 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 $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: | $210.00 to $260.00 per security (21.00% to 26.00% 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: | , 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: | 1730T02U2 | |
Selling Concession (paid to advisors): | 1.50% |
Investor Profile
Investor Seeks: |
Investor Can Accept: | |||||||
¡ |
A holding period of approximately 4 years | |||||||
¡ | A medium-term equity index-linked investment |
¡ |
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 |
22
|
CitiFirst Offerings Brochure | November 2014
|
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.
23
|
CitiFirst Offerings Brochure | November 2014
|
|
Indicative Terms*
Issuer: | Citigroup Inc. | |
Underlying shares: | The EURO STOXX 50® Index (ticker symbol: SX5E) | |
Stated principal amount: | $1,000 per security | |
Pricing date: | November , 2014 (expected to be November 21, 2014) | |
Issue date: | November , 2014 (three business days after the pricing date) | |
Valuation date: | November , 2019 (expected to be November 21, 2019), subject to postponement if such date is not a scheduled trading day or if certain market disruption events occur | |
Maturity date: | November , 2019 (expected to be November 26, 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 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 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 | |
Leveraged return amount: | $1,000 × index percent increase x the leverage factor | |
Maximum return at maturity: | $110.00 to $120.00. The Actual leverage factor will be determined on the pricing date. | |
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: | 11730T02Y4 | |
Selling Concession (paid to advisors): | 3.00% |
Investor Profile
Investor Seeks: |
Investor Can Accept: | |||||||
¡ |
A holding period of approximately 5 years | |||||||
¡ | A medium-term equity index-linked investment |
¡ |
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 |
24
|
CitiFirst Offerings Brochure | November 2014
|
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.
25
|
CitiFirst Offerings Brochure | November 2014
|
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 |
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 |
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 |
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.
26
|
CitiFirst Offerings Brochure | November 2014
|
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.
27
|
CitiFirst Offerings Brochure | November 2014
|
and Risks of CitiFirst Investments
28
|
CitiFirst Offerings Brochure | November 2014
|
29
|
CitiFirst Offerings Brochure | November 2014
|
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) 723-3136
For more information, please go to www.citifirst.com
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 DescriptionsEURO STOXX 50® IndexLicense Agreement with STOXX Limited in the accompanying underlying supplement.
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.
©2014 Citigroup Inc. Citi and Citi with Arc Design are registered service marks of Citigroup Inc. or its affiliates.