FWP
Filed pursuant to Rule 433
Registration No. 333-192302
|
|
|
|
|
2 |
|
Coupon Barrier Autocall Notes
(CoBa) |
|
|
Citigroup Inc., the issuer, has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (the SEC) for the offering to which this communication
relates. Before you invest, you should read the prospectus in that registration statement and the other documents the issuer has filed with the SEC for more complete information about the issuer and the offering. You may get these documents for free
by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, you can request the prospectus by calling toll-free 1-877-858-5407.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment Products |
|
|
Not FDIC Insured |
|
|
|
May Lose Value |
|
|
|
No Bank Guarantee |
|
|
|
|
|
|
|
|
|
|
Coupon
Barrier Autocall Notes (CoBa) |
|
3 |
About Us
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments
and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
The Citi Private Client Solutions Group is focused on serving retail intermediaries ranging from Private and Consumer Banks to regional Broker
Dealers to Wholesalers to Family Offices and Registered Independent Advisors. We provide a wide variety of innovative investment strategies and trading products for affluent, high-net-worth and ultra-high-net-worth investors. CitiFirst investments
are multi-asset and complementary to a traditional investment portfolio.
What is CitiFirst?
CitiFirst is the family name for Citis offering of investments including notes and deposits. Tailored to meet the needs of a range of
investors, CitiFirst investments are divided into three categories based on the amount of principal due at maturity.
CitiFirst
Investment Categories
|
|
|
|
|
|
|
|
|
|
|
|
|
CitiFirst Protection |
|
CitiFirst Performance |
|
CitiFirst Opportunity |
|
|
|
Full principal amount due at maturity |
|
Payment due at maturity may be less than the principal amount |
|
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 |
|
|
|
When depicting a specific product, the relevant underlying asset will be shown as a symbol on the cube: |
|
|
|
|
|
|
|
4 |
|
Coupon Barrier Autocall Notes
(CoBa) |
|
|
Coupon Barrier Autocall Notes (CoBa Notes)
Coupon Barrier Autocall Notes offer periodic coupons with the potential for yield, in addition to offering partial downside protection. If held to maturity, the CoBa Notes may offer higher returns
than the underlying* where the underlying performs moderately. If the underlying appreciates above a specified level, as observed on an observation date, the CoBa Notes will be called.
What are Coupon
Barrier Autocall Notes?
n |
|
CoBa Notes offer periodic coupons contingent upon the performance of the underlying along with the opportunity for an early redemption of the
Notes |
n |
|
CoBa Notes offer contingent downside protection and there is exposure to the full downside of the Notes if the underlying performance drops below
the Knock-In Barrier Level on the final valuation date |
n |
|
CoBa Notes have a typical maturity between 6 months and 2 years |
Who may be interested in CoBa Notes?
n |
|
Investors with a moderately bullish / range-bound trading view of the underlying |
n |
|
Investors looking for periodic coupons and who can accept redemption of their Notes prior to the stated maturity |
What are the benefits of CoBa Notes?
n |
|
The periodic coupons on CoBa Notes offer the potential to earn a yield on the Notes and may give investors higher returns than the underlying if
the underlying performs modestly |
n |
|
Full protection on the downside as long as the underlying equity does not fall below a specified barrier on the final valuation date
|
* Typical underlyings include stocks, ADRs, ETFs
and equity indices
What are the considerations
of CoBa Notes?
n |
|
CoBa Notes are not fully capital protected and, thus, investors could receive significantly less than their initial investment amount if the
underlying drops below its initial level and declines further, below the specified barrier on the final valuation date |
n |
|
CoBa Notes will be automatically called if the performance of the underlying is above the specified level on any observation date, shortening the
holding period of your investment |
n |
|
If the performance of the underlying is below the specified Coupon Barrier Level on a given observation date, investors will not receive the
coupon for that period |
n |
|
CoBa Notes are subject to the credit risk of the issuer and/or guarantor |
Sample CoBa Terms
|
|
|
Underlying |
|
ABC Stock |
Issuer: |
|
TBD, subject to issuer credit risk |
Tenor |
|
2 years |
Coupon Barrier Level |
|
80% of Initial Stock Level |
Knock-In Barrier Level |
|
80% of Initial Stock Level |
Autocall Level |
|
100% of Initial Stock Level |
Knock-In Observation |
|
On the final valuation date |
Coupon/Autocall Observation |
|
Quarterly |
Coupon |
|
16% per annum (4% per quarter), paid quarterly if ABC Stock is ³ Coupon Barrier Level |
Autocall |
|
Each observation period, if ABC Stock is ³ Autocall Level, the CoBa Notes will be called and the Principal and Coupon will be paid |
Payment at Maturity |
|
If the Notes have not been previously called: If ABC Stock is
³ Knock-In Barrier Level, Principal plus Coupon paid; else,
investors receive Principal × (ABC Final Level / ABC Initial Level) only |
|
|
|
|
|
|
|
Coupon
Barrier Autocall Notes (CoBa) |
|
5 |
Coupon Barrier Autocall Note Mechanics
Common CoBa Terms
The % of the Initial Underlying Price/Level, typically 100%. If the underlying equity is above this autocall level on any observation date, the Notes will be called
The % of the Initial Stock Price, such as 80%. If the underlying equity is above this Coupon Barrier Level on an observation date, the periodic coupon payment will be made to the investor
n |
|
Knock-In Barrier Level: |
The % of the Initial Stock Price, such as 80%. If the underlying equity drops below this barrier on the final valuation date, the investor is exposed to any negative return of the underlying
CoBa Payment on any Observation
Date
CoBa Payment at Maturity If Notes Have Not Been Previously Autocalled
|
|
|
|
|
6 |
|
Coupon Barrier Autocall Notes
(CoBa) |
|
|
Coupon Barrier Autocall Note
Hypothetical Scenarios
|
|
|
|
|
Scenario 1*
ABC Stock rises above the Autocall Level on the first Observation Date. The
periodic coupon is paid and the Note is autocalled (104% of Principal) |
|
|
|
|
Scenario 2*
ABC Stock drops below the Coupon Barrier Level on the first Observation Date.
No Coupon is paid here On the second Observation Date, ABC has
recovered and rises above the Autocall Level. The periodic coupon is paid and the Note is autocalled (104% of Principal) |
|
|
|
|
Scenario 3*
ABC Stock is above the Coupon Barrier Level on the first Observation Date. A
Coupon is paid (4%) ABC Stock remains above the Coupon Barrier Level
on the second Observation Date. A Coupon is paid (4%) On the final valuation date, ABC Stock drops below the KI Barrier Level to 65% of its initial price. The investor receives only 65% of their Principal Investment back at maturity and no final
coupon |
* Source: CitI. All charts are for illustrative purposes
only.
|
|
|
|
|
|
|
Coupon
Barrier Autocall Notes (CoBa) |
|
7 |
General Overview of Investments
|
|
|
|
|
CitiFirst Protection 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; sometimes
the maximum return is capped |
|
|
|
|
|
CitiFirst Performance Investments |
|
|
|
|
|
|
|
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 has not crossed a downside threshold at
maturity, the return on the investment equals the coupons paid; Otherwise the return equals the sum of the coupons paid and the return of the underlying at maturity |
Buffer Notes |
|
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; Otherwise, the return equals the lesser of (a) the return of the underlying plus the buffer amount and (b) zero |
CoBas/PACERSSM |
|
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 equaIs zero |
Barrier Notes/
LASERSSM |
|
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 |
|
|
|
|
|
CitiFirst Opportunity Investments |
|
|
|
|
|
|
|
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 |
Note: Citigroup Inc. and its affiliates do not guarantee that a secondary market will develop in any CitiFirst
investment you purchase. If a secondary market does develop it may not be liquid and may not continue for the term of the investment. If the secondary market is limited, there may be few buyers should you choose to sell the investment prior to
maturity and this may reduce the price you receive. There is no guarantee that investors wishing to liquidate an investment prior to the stated maturity will receive a price equal to or in excess of the initial principal amount invested.
*All returns and any principal amount due at maturity are subject to the
applicable issuers credit risk, with the exception of Market-Linked Certificates of Deposit which have FDIC insurance, subject to applicable limitations. The descriptions
above are not intended to completely describe how an investment works or to detail all of the terms, risks and benefits of a particular investment. The return profiles can change. Please refer to the offering documents and related materials of a
particular investment for a comprehensive description of the structure, terms, risks and benefits related to that investment. Investors should review the section headed Risk Factors or equivalent of the applicable offering documents for
a complete description of the risks associated with a particular investment.
|
|
|
|
|
8 |
|
Coupon Barrier Autocall Notes
(CoBa) |
|
|
Important Information about
CitiFirst Investments
SEC Registered (Public) Offerings
Each issuer has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (the SEC) for the SEC registered offerings by that issuer, to which
this communication relates. Before you invest, you should read the prospectus in the applicable registration statement and the other documents the issuer has filed with the SEC for more complete information about the issuer and offerings. You may
get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, you can request a prospectus and any other documents related to the offerings, either in hard copy or electronic form, by calling toll-free
1-877-858-5407 or by calling your Financial Advisor. The SEC registered offerings described in this brochure are not bank deposits and are not insured by the Federal Deposit Insurance Corporation (FDIC) or any other governmental agency
or instrumentality.
Deposits
The deposits are not SEC registered offerings and are not required to be so registered. For indicative terms and conditions on any deposit, please
contact your Financial Advisor or call the toll-free number 1-877-858-5407. The deposits are insured up to the applicable FDIC insurance limits effective from time to time.
Investment Information
This brochure does not, by itself, constitute an offering of any specific CitiFirst product. Any figures or terms provided in this brochure are sample product terms, illustrative and are no
indication of what final terms or actual returns will be. This brochure does not consider the effect taxes and fees will have on your returns. The terms of each product vary from offering to offering. Before making an investment in a specific
product, you should obtain and carefully read the legal documents relating to that product offering, which will contain additional information needed to evaluate the investment and provide important disclosures regarding risks, fees and expenses.
Additionally, such legal documents will contain the only complete description, and final terms, of the terms and conditions of that product.
All product categories within the CitiFirst family may be offered in various forms, including as medium-term notes and deposits. Products within the CitiFirst Protection category provide full
principaI protection if held to maturity, subject to the credit risk of the issuer (with the exception of the deposits, which have FDIC insurance, subject to applicable limitations), but there is no guarantee that investors will receive an amount at
maturity greater than the initial principal invested. Products within the CitiFirst Performance category provide various forms of limited downside protection but do not provide principaI protection. Products within the CitiFirst Opportunity category
offer no principal protection and no downside protection.
Citigroup Inc. and its affiliates (Citi) do not guarantee that a secondary market will
develop in any CitiFirst product you purchase. If a secondary market does develop, it may not be liquid and may not continue for the term of the product. If the secondary market is limited, there may be few buyers should you choose to sell the
product prior to maturity and this may reduce the price you receive. There is no guarantee that investors wishing to liquidate an investment in such products prior to the stated maturity will receive a price equal to or in excess of the initial
principal amount invested.
Citi is not acting as your advisor or agent. Citi accepts no responsibility for the tax treatment of any
investment product, whether or not it is involved in the administration of trusts or companies for which the product is purchased. Before making any commitment to invest, you should take whatever business, legal, tax, accounting or other advice you
consider necessary, given your particular circumstances. If you invest in a CitiFirst product, it is your responsibility to arrange to account for any tax lawfully due from you on the income or gains arising from such investment. Citi does not
provide business, legal, tax or accounting advice and makes no representation in respect of any of them. If you have any doubt about the suitability of these investments, you should contact your own advisers for advice.
|
|
|
|
|
|
|
Coupon
Barrier Autocall Notes (CoBa) |
|
9 |
Overview of Key Benefits
and Risks of CitiFirst Investments
Benefits
¡ |
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. |
¡ |
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. |
Risks
¡ |
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. |
¡ The
terms of certain investments provide that the full principal amount is due at maturity, subject to the applicable issuer credit risk. However, if an investor sells or redeems such investment prior to maturity, the investor may receive an amount less
than his/her original investment.
¡ 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.
¡ |
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. |
¡ |
Issuer Credit Risk All payments on CitiFirst Structured Investments are dependent on the applicable issuers ability to pay all
amounts due on these investments, including any principal due at maturity, and therefore investors are subject to the credit risk of the applicable issuer.
|
¡ |
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. |
¡ |
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, and 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. |
¡ |
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. |
¡ |
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. |
¡ |
Affiliate Research Reports and Commentary Affiliates of the particular issuer may publish research reports or otherwise express opinions
or provide recommendations from time to time regarding the underlying asset or index which may influence the price or value of the underlying asset or index and, therefore, the value of the investment. Further, any research, opinion or
recommendation expressed within such research reports may not be consistent with purchasing, holding or selling the investment. |
¡ |
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. |
¡ |
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 interests of the investor.
|
|
|
|
|
|
10 |
|
Coupon Barrier Autocall Notes
(CoBa) |
|
|
Additional Considerations
Please note that the information contained in this brochure is current as of the date indicated and
is not intended to be a complete description of the terms, risks and benefits associated with any particular structured investment. Therefore, all of the information set forth herein is qualified in its entirety by the more detailed information
provided in the offering documents(s) and related material for the respective structured investment.
The structured investments
discussed within this brochure are not suitable for all investors. Prospective investors should evaluate their financial objectives and tolerance for risk prior to investing in any structured investment.
Tax Disclosure
Citigroup Inc.,
its affiliates and employees do not provide tax or legal advice. To the extent that this brochure or any offering document(s) concerns tax matters, it is not intended to be used and cannot be used by a taxpayer for the purpose of avoiding penalties
that may be imposed by law. Any such taxpayer should seek advice based on the taxpayers particular circumstances from an independent tax advisor.
ERISA and IRA Purchase Considerations
Employee benefit plans subject to ERISA,
entities the assets of which are deemed to constitute the assets of such plans, governmental or other plans subject to laws substantially similar to ERISA and retirement accounts (including Keogh, SEP and SIMPLE plans, individual retirement accounts
and individual retirement annuities) are permitted to purchase structured investments as long as either (A) (1) no Citi affiliate or employee is a fiduciary to such plan or retirement account that has or exercises any discretionary
authority or control with respect to the assets of such plan or retirement account used to purchase the structured investments or renders investment advice with respect to those assets, and (2) such plan or retirement account is paying no more
than adequate consideration for the structured investments, or (B) its acquisition and holding of the structured investment is not prohibited by any such provisions or laws or is exempt from any such prohibition.
However, individual retirement accounts, individual retirement annuities and Keogh plans, as well as employee benefit plans that permit
participants to direct the investment of their accounts, will not be permitted to purchase or hold the structured investments if the account, plan or annuity is for the benefit of an employee of Citi or a family member and
the employee receives any compensation (such as, for example, an addition to bonus) based on the purchase of structured investments by the account, plan or annuity. You should refer to the
section ERISA 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 explicitly stated in the offering document(s) and related materials. In particular:
WARNING TO INVESTORS IN HONG KONG ONLY: The contents of this document have not been reviewed by any regulatory authority in Hong Kong. Investors
are advised to exercise caution in relation to the offer. If Investors are in any doubt about any of the contents of this document, they should obtain independent professional advice.
This offer is not being made in Hong Kong, by means of any document, other than (1) to persons whose ordinary business it is to buy or sell shares or debentures (whether as principal or agent);
(2) to professional investors within the meaning of the Securities and Futures Ordinance (Cap. 571) of Hong Kong (the SFO) and any rules made under the SFO; or (3) in other circumstances which do not result in the
document being a prospectus as defined in the Companies Ordinance (Cap. 32) of Hong Kong (the CO) or which do not constitute an offer to the public within the meaning of the CO.
There is no advertisement, invitation or document relating to structured investments, which is directed at, or the contents of which are likely to
be accessed or read by, the public in Hong Kong (except if permitted to do so under the laws of Hong Kong) other than with respect to structured investments which are or are intended to be disposed of only to persons outside Hong Kong or only to the
persons or in the circumstances described in the preceding paragraph.
WARNING TO INVESTORS IN SINGAPORE ONLY: This document has not
been registered as a prospectus with the Monetary Authority of Singapore under the Securities and Futures Act, Chapter 289 of the Singapore Statutes (the Securities and Futures Act). Accordingly, neither this document nor any other document or
material in connection with the offer or sale, or invitation for subscription or purchase, of the structured investments may be circulated or distributed, nor may the structured
investments be offered or sold, or be made the subject of an invitation for subscription or purchase,
whether directly or indirectly, to the public or any member of the public in Singapore other than in circumstances where the registration of a prospectus is not required and thus only (1) to an institutional investor or other person falling
within section 274 of the Securities and Futures Act, (2) to a relevant person (as defined in section 275 of the Securities and Futures Act) or to any person pursuant to section 275(1A) of the Securities and Futures Act and in accordance with
the conditions specified in section 275 of that Act, or (3) pursuant to, and in accordance with the conditions of, any other applicable provision of the Securities and Futures Act. No person receiving a copy of this document may treat the same
as constituting any invitation to him/ her, unless in the relevant territory such an invitation could be lawfully made to him/her without compliance with any registration or other legal requirements or where such registration or other legal
requirements have been complied with. Each of the following relevant persons specified in Section 275 of the Securities and Futures Act who has subscribed for or purchased structured investments, namely a person who is:
(a) a corporation (which is not an accredited investor) the sole business of which is to hold investments and the entire share capital of which is
owned by one or more individuals, each of whom is an accredited investor, or
(b) a trust (other than a trust the trustee of which is an
accredited investor) whose sole purpose is to hold investments and of which each beneficiary is an individual who is an accredited investor, should note that securities of that corporation or the beneficiaries rights and interest in that trust
may not be transferred for 6 months after that corporation or that trust has acquired the structured investments under Section 275 of the Securities and Futures Act pursuant to an offer made in reliance on an exemption under Section 275 of
the Securities and Futures Act unless:
(i) the transfer is made only to institutional investors, or relevant persons as defined in
Section 275(2) of that Act, or arises from an offer referred to in Section 275(1A) of that Act (in the case of a corporation) or in accordance with Section 276(4)(i)(B) of that Act (in the case of a trust);
(ii) no consideration is or will be given for the transfer; or
(iii) the transfer is by operation of law.
|
|
|
|
|
|
|
Coupon
Barrier Autocall Notes (CoBa) |
|
11 |
Notes
Learn More
Current offerings are available on www.citifirst.com.
Please contact your Investment Professional if you are looking to potentially buy Coupon Barrier Autocall Notes
(CoBa).
Financial Advisors and Distribution partners may contact our sales professionals at:
+1 (212) 723-7654 or +1 (212) 723-7288
|
|
|
|
|
|
|
ELKS®, PACERSSM and LASERSSM
are registered service marks of Citigroup Inc. |
|
|
|
|
©2015
Citigroup Inc. All rights reserved. Citi and Citi and Arc Design are trademarks and service marks of Citigroup Inc. or its subsidiaries and are used and registered throughout the world. |
|