Citigroup Inc. |
Offering Summary No. 2015-CMTNG0536 dated May 5, 2015 relating to
Preliminary Pricing Supplement No. 2015-CMTNG0536 dated May 5, 2015
Registration Statement No. 333-192302
Filed Pursuant to Rule 433
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Preliminary Terms
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Underlying shares:
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Shares of the WisdomTree Japan Hedged Equity Fund (NYSE Arca symbol: “DXJ”) (the “underlying share issuer” or “ETF”)
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Pricing date:
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Expected to be May 8, 2015
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Final valuation dates:
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Expected to be November 2, 3, 4, 7 and 8, 2016
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Maturity date:
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Expected to be November 11, 2016
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Payment at maturity:
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For each $1,000 stated principal amount security you hold at maturity:
▪ If the final share price is greater than the initial share price: $1,000 + return amount, subject to maximum return at maturity
▪ If the final share price is less than or equal to the initial share price, but greater than or equal to the barrier price: $1,000
▪ If the final share price is less than the barrier price: $1,000 × share performance factor
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Initial share price:
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The closing price of the underlying shares on the pricing date
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Final share price:
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The arithmetic average of the closing price of the underlying shares on each of the final valuation dates
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Share performance factor:
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The final share price divided by the initial share price
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Share percent increase:
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The final share price minus the initial share price, divided by the initial share price
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Return amount:
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$1,000 × the share percent increase × the upside participation rate
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Upside participation rate:
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100.00%
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Barrier price:
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80.00% of the initial share price
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Maximum return at maturity:
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$160.00 per security (16.00% of the stated principal amount). In no event will the payment at maturity per security exceed $1,000 plus the maximum return at maturity.
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CUSIP / ISIN:
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17298CAU2 / US17298CAU27
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This offering summary does not contain all of the material information an investor should consider before investing in the securities. This offering summary is not for distribution in isolation and must be read together with the accompanying preliminary pricing supplement and the other documents referred to therein, which can be accessed via the following hyperlink:
Preliminary Pricing Supplement dated May 5, 2015
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Selected Risk Considerations
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· You may lose some or all of your investment. If the final share price is less than the barrier price, the contingent buffer against a limited range of potential depreciation of the underlying index offered by the securities will not apply and you will lose 1% of the stated principal amount of the securities for every 1% by which the final share price is less than the initial share price. The securities offer no protection at all if the underlying shares depreciate by more than 20.00%.
· Your potential return on the securities is limited to the maximum return at maturity. If the underlying shares appreciate by more than the maximum return at maturity, the securities will underperform a direct investment in the underlying shares.
· The securities do not pay interest.
· You will not have voting rights, rights to receive dividends or any other rights with respect to the ETF.
· The securities are subject to the credit risk of Citigroup Inc. If Citigroup Inc. defaults on its obligations under the securities, you may not receive anything owed to you under the securities.
· The securities will not be listed on a securities exchange and you may not be able to sell them prior to maturity.
· The estimated value of the securities on the pricing date will be less than the issue price. For more information about the estimated value of the securities, see the accompanying preliminary pricing supplement.
· The value of the securities prior to maturity is likely to be less than the issue price and will fluctuate based on many unpredictable factors.
· The price of the underlying shares may not completely track the performance of the ETF underlying index.
· The currency hedge employed by the ETF may not sufficiently reduce its exposure to currency fluctuations.
· There are risks associated with investments in securities linked to the value of Japanese securities.
· Citigroup Inc. and its affiliates, and the placement agents and their affiliates, may have conflicts of interest with you.
· The U.S. federal tax consequences of an investment in the securities are unclear.
The above summary of selected risks does not describe all of the risks associated with an investment in the securities. You should read the accompanying preliminary pricing supplement and product supplement for a more complete description of risks relating to the securities.
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Hypothetical Payment at Maturity Diagram*
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n The Securities
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n The Underlying Shares
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Hypothetical Payment at Maturity Table*
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Hypothetical Final Share Price
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Hypothetical Percentage Change from Initial Share Price to Final Share Price
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Hypothetical Payment at Maturity per Security
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Hypothetical Total Return on Securities at Maturity
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$75.40
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30.00%
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$1,160.00
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16.00%
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$69.60
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20.00%
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$1,160.00
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16.00%
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$67.28
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16.00%
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$1,160.00
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16.00%
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$66.70
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15.00%
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$1,150.00
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15.00%
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$63.80
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10.00%
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$1,100.00
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10.00%
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$60.90
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5.00%
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$1,050.00
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5.00%
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$58.00
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0.00%
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$1,000.00
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0.00%
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$52.20
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-10.00%
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$1,000.00
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0.00%
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$46.40
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-20.00%
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$1,000.00
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0.00%
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$46.39
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-20.01%
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$799.90
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-20.01%
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$40.60
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-30.00%
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$700.00
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-30.00%
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$34.80
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-40.00%
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$600.00
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-40.00%
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$29.00
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-50.00%
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$500.00
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-50.00%
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$23.20
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-60.00%
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$400.00
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-60.00%
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$17.40
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-70.00%
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$300.00
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-70.00%
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$11.60
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-80.00%
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$200.00
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-80.00%
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$5.80
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-90.00%
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$100.00
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-90.00%
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$0.00
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-100.00%
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$0.00
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-100.00%
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