Filed pursuant to Rule 433
Registration No. 333-192302
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CitiFirst Offerings Brochure | May 2014
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CitiFirst Protection Investments |
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CitiFirst Performance Investments |
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Autocallable Contingent Coupon Equity Linked Securities Based on the Common Stock of Netflix, Inc. |
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Barrier Securities Based on the iShares® MSCI Emerging Markets ETF |
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For all offerings documented herein (other than the Market-Linked Certificates of Deposit):
Investment Products | Not FDIC Insured | May Lose Value | No Bank Guarantee |
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CitiFirst Offerings Brochure | May 2014
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Introduction to CitiFirst Investments
CitiFirst is the brand name for Citis offering of investments including notes and deposits. Tailored to meet the needs of a range of investors, CitiFirst investments are divided into three categories based on the amount of principal due at maturity:
The structured investments discussed herein are not suitable for all investors. Prospective investors should evaluate their financial objectives and tolerance for risk prior to investing in any structured investment. The SEC registered securities described herein are not bank deposits but are senior, unsecured debt obligations of Citi. All returns and any principal amount due at maturity are subject to the applicable issuer credit risk, with the exception of the Market-Linked Certificates of Deposit which have FDIC insurance, subject to applicable limitations. Structured investments are not conventional debt securities. They are complex in nature and the specific terms and conditions will vary for each offering.
CitiFirst operates across all asset classes meaning that underlying assets include equities, commodities, currencies, interest rates and alternative investments. When depicting a specific product, the relevant underlying asset will be shown as a symbol on the cube:
For instance, if a CitiFirst Performance investment were based upon a single stock, which belongs to an equity asset class, its symbol would be shown as follows: |
Classification of investments into categories is not intended to guarantee particular results or performance. Though the potential returns on structured investments are based upon the performance of the relevant underlying asset or index, investing in a structured investment is not equivalent to investing directly in the underlying asset or index.
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CitiFirst Offerings Brochure | May 2014
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Market-Linked Notes Based on the EURO STOXX 50® Index |
Indicative Terms*
Issuer: | Citigroup Inc. | |
Underlying index: | The EURO STOXX 50® Index (ticker symbol: SX5E) | |
Stated principal amount: | $1,000 per note | |
Pricing date: | May , 2014 (expected to be May 29, 2014) | |
Issue date: | June , 2014 (three business days after the pricing date) | |
Valuation dates: | Expected to be the last calendar day of each February and the day (expected to be the 29th day) of each 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: | December , 2019 (expected to be December 4, 2019) | |
Coupon payment dates: | The day of each June and December (expected to be the 4th day of each June and December), beginning on December , 2014 (expected to be December 4, 2014) and ending on the maturity date, provided that if any such day is not a business day, the applicable coupon payment will be made on the next succeeding business day and no interest will accrue as a result of delayed payment | |
Coupon: | On each semi-annual coupon payment date, the notes will pay a coupon at a rate of 0.35% per annum | |
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, plus the coupon payment due at maturity | |
If the average index return percentage is greater than zero: | ||
Note return amount: |
$1,000 x average index return percentage x upside participation rate a number of underlying shares equal to the equity ratio (or, in our sole discretion, cash in an amount equal to the equity ratio multiplied by the final share price) | |
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 | |
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: | 1730T0P60 | |
Selling Concession (paid to advisors): | 3.00% |
For questions, please call your Financial Advisor
* The information listed above is not intended to be a complete description of all of the terms, risks and benefits of a particular investment. All maturities are approximate. All terms in brackets are indicative only and will be set on the applicable pricing date. All returns and any principal amount due at maturity are subject to the applicable issuers credit risk, with the exception of the Market-Linked Certificates of Deposit which have FDIC insurance, subject to applicable limitations. Please refer to the relevant investments offering documents and related material(s) for additional information.
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CitiFirst Offerings Brochure | May 2014
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Investor Profile
Investor Seeks: |
Investor Can Accept: | |||||||
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A medium-term equity index-linked investment |
n |
A holding period of approximately 5.5 years | |||||
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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 are outlined in the Summary Risk Factors section of the applicable preliminary pricing supplement.
For questions, please call your Financial Advisor
* The information listed above is not intended to be a complete description of all of the terms, risks and benefits of a particular investment. All maturities are approximate. All terms in brackets are indicative only and will be set on the applicable pricing date. All returns and any principal amount due at maturity are subject to the applicable issuers credit risk, with the exception of the Market-Linked Certificates of Deposit which have FDIC insurance, subject to applicable limitations. Please refer to the relevant investments offering documents and related material(s) for additional information.
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CitiFirst Offerings Brochure | May 2014
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Callable Fixed to CMS Linked Notes |
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Indicative Terms*
Issuer: | International Bank for Reconstruction and Development (World Bank or IBRD) | |
Notes: | Callable Fixed to CMS Linked Notes Due May , 2034 | |
Issue price: | $1,000 per Note | |
Trade date: | May , 2014 (expected to be May 22, 2014) | |
Issue date: | May , 2014 (five Business Days after the trade date) | |
Maturity date: | May , 2034 (expected to be May 30, 2034) | |
Interest: | Initial Rate: The Notes will bear interest at the rate of [8.00]% per annum during each Interest Period from and including May , 2014 to but excluding May , 2015.
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Subsequent Rate: Unless earlier redeemed by the World Bank, from and including May , 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) [4.50] 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 and November of each year, from and including November , 2014, 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 May , 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: | 459058DP5 | |
Selling Concession (paid to advisors): | up to 5.00% |
For questions, please call your Financial Advisor
* The information listed above is not intended to be a complete description of all of the terms, risks and benefits of a particular investment. All maturities are approximate. All terms in brackets are indicative only and will be set on the applicable pricing date. All returns and any principal amount due at maturity are subject to the applicable issuers credit risk, with the exception of the Market-Linked Certificates of Deposit which have FDIC insurance, subject to applicable limitations. Please refer to the relevant investments offering documents and related material(s) for additional information.
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CitiFirst Offerings Brochure | May 2014
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Investor Profile
Investor Seeks: |
Investor Can Accept: | |||||||
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Full principal amount due at maturity |
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A holding period of approximately 20 years | |||||
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A callable long term interest rate investment |
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The possibility of losing part or all of the principal amount invested if not held to maturity | |||||
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The structured investments discussed herein are not suitable for all investors. Prospective investors should evaluate their financial objectives and tolerance for risk prior to investing in any structured investment |
A complete description of the risks associated with this investment are 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.
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CitiFirst Offerings Brochure | May 2014
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Fixed to Floating Rate Notes (15-Year) |
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Indicative Terms*
Issuer: | Citigroup Inc. | |
Notes: | Fixed to Floating Rate Notes due 2029 | |
Issue price: | $1,000 per note | |
Pricing date: | May , 2014 (expected to be May 27, 2014) | |
Issue date: | May , 2014 (three business days after the pricing date) | |
Maturity date: | May , 2029 (expected to be May 30, 2029) | |
Payment at maturity: | Unless earlier redeemed by us, at maturity you will receive for each note you then hold an amount in cash equal to $1,000 plus any accrued and unpaid interest. | |
Interest: | From and including the issue date to but excluding May , 2015 (expected to be May 30, 2015):
For each quarterly interest payment period, 10.00% per annum
Unless earlier redeemed by us, from and including May , 2015 (expected to be May 30, 2015) to but excluding the maturity date (the floating interest rate period):
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For each quarterly interest payment period, a variable rate per annum equal to the leverage factor times the CMS reference index; subject to the minimum interest rate
The CMS reference index applicable to a quarterly interest payment period during the floating interest rate period will be determined on the related CMS reference determination date.
After May , 2015 (expected to be May 30, 2015), it is possible that you could receive little or no interest on the notes. In particular, after the first year, if the CMS reference index on any CMS reference determination date is less than or equal to 0.00%, you will not earn any interest during the related quarterly interest payment period. | ||
Leverage factor: | 5 | |
Quarterly interest payment period: |
Each three-month period from and including an interest payment date (or the issue date, in the case of the first quarterly interest payment 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 last calendar day of each February and the 30th day of each May, August and November), beginning on August , 2014 (expected to be August 30, 2014) and ending on the maturity date or the date when the notes are called | |
CMS reference determination dates: |
Two (2) U.S. government securities business days prior to the beginning of each quarterly interest payment period during the floating interest rate period | |
Minimum interest rate: | 0.00% per annum for any quarterly interest payment period during the floating interest rate period | |
CMS reference index: | The 30-year Constant Maturity Swap Rate (CMS30) minus the 5-year Constant Maturity Swap Rate (CMS5). |
For questions, please call your Financial Advisor
* The information listed above is not intended to be a complete description of all of the terms, risks and benefits of a particular investment. All maturities are approximate. All terms in brackets are indicative only and will be set on the applicable pricing date. All returns and any principal amount due at maturity are subject to the applicable issuers credit risk, with the exception of the Market-Linked Certificates of Deposit which have FDIC insurance, subject to applicable limitations. Please refer to the relevant investments offering documents and related material(s) for additional information.
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CitiFirst Offerings Brochure | May 2014
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Redemption: | We may call the notes, in whole and not in part, for mandatory redemption on any interest payment date beginning on May , 2015 (expected to be May 30, 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. | |
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: | 1730T0P78 | |
Selling Concession (paid to advisors): | up to 3.50% |
Investor Profile
Investor Seeks: |
Investor Can Accept: | |||||||
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Full principal amount due at maturity |
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A holding period of approximately 15 years | |||||
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Quarterly interest payments |
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The possibility of losing part or all of the principal amount invested if not held to maturity | |||||
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A callable long-term interest rate investment |
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The structured investments discussed herein are not suitable for all investors. Prospective investors should evaluate their financial objectives and tolerance for risk prior to investing in any structured investment |
A complete description of the risks associated with this investment are 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.
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CitiFirst Offerings Brochure | May 2014
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Fixed to Floating Rate Notes (20-Year) |
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Indicative Terms*
Issuer: | Citigroup Inc. | |
Notes: | Fixed to Floating Rate Notes due 2034 | |
Issue price: | $1,000 per note | |
Pricing date: | May , 2014 (expected to be May 27, 2014) | |
Issue date: | May , 2014 (three business days after the pricing date) | |
Maturity date: | May , 2029 (expected to be May 30, 2034) | |
Payment at maturity: | Unless earlier redeemed by us, at maturity you will receive for each note you then hold an amount in cash equal to $1,000 plus any accrued and unpaid interest. | |
Interest: | From and including the issue date to but excluding May , 2016 (expected to be May 30, 2016): For each quarterly interest payment period, 10.00% per annum
Unless earlier redeemed by us, from and including May , 2016 (expected to be May 30, 2016) to but excluding the maturity date (the floating interest rate period):
For each quarterly interest payment period, a variable rate per annum equal to the leverage factor times the CMS reference index; subject to the minimum interest rate
The CMS reference index applicable to a quarterly interest payment period during the floating interest rate period will be determined on the related CMS reference determination date.
After May , 2016 (expected to be May 30, 2016), it is possible that you could receive little or no interest on the notes. In particular, after the first year, if the CMS reference index on any CMS reference determination date is less than or equal to 0.00%, you will not earn any interest during the related quarterly interest payment period. | |
Leverage factor: | 4 | |
Quarterly interest payment period: | Each three-month period from and including an interest payment date (or the issue date, in the case of the first quarterly interest payment 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 last calendar day of each February and the 30th day of each May, August and November), beginning on August , 2014 (expected to be August 30, 2014) and ending on the maturity date or the date when the notes are called | |
CMS reference determination dates: |
Two (2) U.S. government securities business days prior to the beginning of each quarterly interest payment period during the floating interest rate period | |
Maximum interest rate: | 10.00% per annum for any quarterly interest payment period during the floating interest rate period | |
Minimum interest rate: | 0.00% per annum for any quarterly interest payment period during the floating interest rate period | |
CMS reference index: | The 30-year Constant Maturity Swap Rate (CMS30) minus the 2-year Constant Maturity Swap Rate (CMS2). | |
Modified CMS reference index: | The CMS reference index minus 0.25% |
For questions, please call your Financial Advisor
* The information listed above is not intended to be a complete description of all of the terms, risks and benefits of a particular investment. All maturities are approximate. All terms in brackets are indicative only and will be set on the applicable pricing date. All returns and any principal amount due at maturity are subject to the applicable issuers credit risk, with the exception of the Market-Linked Certificates of Deposit which have FDIC insurance, subject to applicable limitations. Please refer to the relevant investments offering documents and related material(s) for additional information.
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CitiFirst Offerings Brochure | May 2014
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Redemption: | We may call the notes, in whole and not in part, for mandatory redemption on any interest payment date beginning on May , 2015 (expected to be May 30, 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. | |
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: | 1730T0P86 | |
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 |
A complete description of the risks associated with this investment are 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.
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CitiFirst Offerings Brochure | May 2014
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Autocallable Contingent Coupon Equity Linked Securities Based on the Common Stock of Netflix, Inc. |
Indicative Terms*
Issuer: | Citigroup Inc. | |
Underlying shares: | Shares of common stock of Netflix, Inc. (NASDAQ symbol: NFLX) (the underlying share issuer) | |
Stated principal amount: | $1,000 per security | |
Pricing date: | May , 2014 (expected to be May 29, 2014) | |
Issue date: | June , 2014 (three business days after the pricing date) | |
Valuation dates: | Expected to be August 29, 2014, December 1, 2014, March 2, 2015 and May 29, 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, June , 2015 (expected to be June 3, 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 2.50% to 3.00% (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 at maturity, for each security you then hold:
If the final share price is greater than or equal to the final barrier price: $1,000 plus the contingent coupon payment due at maturity
If the final share price is less than the 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 70% 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 level of the underlying shares on the pricing date | |
Final share price: | The closing level of the underlying shares on the final valuation date |
For questions, please call your Financial Advisor
* The information listed above is not intended to be a complete description of all of the terms, risks and benefits of a particular investment. All maturities are approximate. All terms in brackets are indicative only and will be set on the applicable pricing date. All returns and any principal amount due at maturity are subject to the applicable issuers credit risk, with the exception of the Market-Linked Certificates of Deposit which have FDIC insurance, subject to applicable limitations. Please refer to the relevant investments offering documents and related material(s) for additional information.
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CitiFirst Offerings Brochure | May 2014
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Coupon barrier price: | $ , 70% of the initial share price | |
Final barrier price: | $ , 70% 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: | 1730T0P94 | |
Selling Concession (paid to advisors): | 1.00% |
Investor Profile
Investor Seeks: |
Investor Can Accept: | |||||||
¡ | A short-term equity index-linked investment |
¡ |
A holding period of approximately 1 year | |||||
¡ |
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 are outlined in the Summary Risk Factors section of the applicable preliminary pricing supplement.
For questions, please call your Financial Advisor
* The information listed above is not intended to be a complete description of all of the terms, risks and benefits of a particular investment. All maturities are approximate. All terms in brackets are indicative only and will be set on the applicable pricing date. All returns and any principal amount due at maturity are subject to the applicable issuers credit risk, with the exception of the Market-Linked Certificates of Deposit which have FDIC insurance, subject to applicable limitations. Please refer to the relevant investments offering documents and related material(s) for additional information.
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CitiFirst Offerings Brochure | May 2014
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Barrier Securities Based on the iShares® MSCI Emerging Markets ETF |
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Indicative Terms*
Issuer: | Citigroup Inc. | |
Underlying shares: | iShares® MSCI Emerging Markets ETF (NYSE ARCA symbol: EEM) (the underlying share issuer or ETF) | |
Stated principal amount: | $1,000 per security | |
Pricing date: | May , 2014 (expected to be May 23, 2014) | |
Issue date: | May , 2014 (three business days after the pricing date) | |
Valuation date: | May 2018 (expected to be May 23, 2018), subject to postponement if such date is not a scheduled trading day or if certain market disruption events occur | |
Maturity date: | May , 2018 (expected to be May 29, 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 share price: $1,000 + the leveraged return amount
If the final share price is less than 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 x the share performance factor
If the final share price is less than the barrier price, your payment at maturity will be less, and possibly significantly less, than $750.00 per security. You should not invest in the securities unless you are willing and able to bear the risk of losing a significant portion, and up to all, of your investment. | |
Initial share price: | $ , the closing level of the underlying shares on the pricing date | |
Final share price: | The closing price of the underlying shares on the valuation date | |
Share performance factor: | The final share price divided by the initial share price | |
Share percent increase: | The final share price minus the initial share price, divided by the initial share price | |
Return amount: | $1,000 x the share percent increase | |
Barrier price: | $ , 75.00% to 80.00% of the initial share price | |
Listing: | The securities will not be listed on any securities exchange and, accordingly, may have limited or no liquidity. You should not invest in the securities unless you are willing to hold them to maturity. | |
CUSIP: | 1730T0Q36 | |
Selling Concession (paid to advisors): |
3.00% (eligible for fee-based accounts) |
For questions, please call your Financial Advisor
* The information listed above is not intended to be a complete description of all of the terms, risks and benefits of a particular investment. All maturities are approximate. All terms in brackets are indicative only and will be set on the applicable pricing date. All returns and any principal amount due at maturity are subject to the applicable issuers credit risk, with the exception of the Market-Linked Certificates of Deposit which have FDIC insurance, subject to applicable limitations. Please refer to the relevant investments offering documents and related material(s) for additional information.
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CitiFirst Offerings Brochure | May 2014
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Investor Profile
Investor Seeks: |
Investor Can Accept: | |||||||
¡ | A medium-term equity index-linked investment |
¡ |
A holding period of approximately 4 years | |||||
¡ |
The possibility of losing a significant portion of the principal amount invested | |||||||
¡ |
The structured investments discussed herein are not suitable for all investors. Prospective investors should evaluate their financial objectives and tolerance for risk prior to investing in any structured investment |
A complete description of the risks associated with this investment are outlined in the Summary Risk Factors section of the applicable preliminary pricing supplement.
For questions, please call your Financial Advisor
* The information listed above is not intended to be a complete description of all of the terms, risks and benefits of a particular investment. All maturities are approximate. All terms in brackets are indicative only and will be set on the applicable pricing date. All returns and any principal amount due at maturity are subject to the applicable issuers credit risk, with the exception of the Market-Linked Certificates of Deposit which have FDIC insurance, subject to applicable limitations. Please refer to the relevant investments offering documents and related material(s) for additional information.
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CitiFirst Offerings Brochure | May 2014
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General Overview of Investments
Investments | Maturity | Risk Profile* | Return* | |||
Contingent Absolute Return MLDs/Notes |
1-2 Years | Full principal amount due at maturity |
If the underlying never crosses either an upside or downside threshold, the return on the investment equals the absolute value of the return of the underlying. Otherwise, the return equals zero | |||
Contingent Upside Participation MLDs/Notes |
1-3 Years | Full principal amount due at maturity |
If the underlying crosses an upside threshold, the return on the investment equals an interest payment paid at maturity. Otherwise, the return equals the greater of the return of the underlying and zero | |||
Minimum Coupon Notes |
3-5 Years | Full principal amount due at maturity |
If the underlying ever crosses an upside threshold during a coupon period, the return for the coupon period equals the minimum coupon. Otherwise, the return for a coupon period equals the greater of the return of the underlying during the coupon period and the minimum coupon |
Investments | Maturity | Risk Profile* | Return* | |||
ELKS® | 6-13 Months | Payment at maturity may be less than the principal amount |
A fixed coupon is paid regardless of the performance of the underlying. If the underlying never crosses a downside threshold, the return on the investment equals the coupons paid. Otherwise, the return equals the sum of the coupons paid and the return of the underlying at maturity | |||
Buffer Notes | 1-3 Years | Payment at maturity may be less than the principal amount |
If the return of the underlying is positive at maturity, the return on the investment equals the lesser of (a) the return of the underlying multiplied by a participation rate and (b) the maximum return on the notes. If the return of the underlying is either zero or negative by an amount lesser than the buffer amount, the investor receives the stated principal amount. Otherwise, the return on the investment equals the return of the underlying plus the buffer amount | |||
PACERSSM | 3-5 Years | Payment at maturity may be less than the principal amount |
If the underlying is equal to or greater than a threshold (such as its initial value) on any call date, the note is called and the return on the investment equals a fixed premium. If the note has not been called, at maturity, if the underlying has crossed a downside threshold, the return on the investment equals the return of the underlying, which will be negative. Otherwise, the return equals zero | |||
LASERSSM | 3-4 Years | Payment at maturity may be less than the principal amount |
If the return of the underlying is positive at maturity, the return on the investment equals the return of the underlying multiplied by a participation rate (some versions are subject to a maximum return on the notes). If the return of the underlying is negative and the underlying has crossed a downside threshold, the return on the investment equals the return of the underlying, which will be negative. Otherwise, the return equals zero |
Investments | Maturity | Risk Profile* | Return* | |||
Upturn Notes | 1-2 Years | Payment at maturity may be zero |
If the underlying is above its initial level at maturity, the return on the investment equals the lesser of the return of the underlying multiplied by a participation rate and the maximum return on the notes. Otherwise, the return equals the return of the underlying | |||
Fixed Upside Return Notes |
1-2 Years | Payment at maturity may be zero |
If the underlying is equal to or above its initial level at maturity, the return on the investment equals a predetermined fixed amount. Otherwise, the return equals the return of the underlying | |||
Strategic Market Access Notes |
3-4 Years | Payment at maturity may be zero |
The return on the investment equals the return of a unique index created by Citi |
*All returns and any principal amount due at maturity are subject to the applicable issuers credit risk, with the exception of Market-Linked Certificates of Deposit which has FDIC insurance, subject to applicable limitations. This is not a complete list of CitiFirst structures. The descriptions above are not intended to completely describe how an investment works or to detail all of the terms, risks and benefits of a particular investment. The return profiles can change. Please refer to the offering documents and related material(s) of a particular investment for a comprehensive description of the structure, terms, risks and benefits related to that investment.
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Important Information for the Monthly Offerings
Investment Information
The investments set forth in the previous pages are intended for general indication only of the CitiFirst Investments offerings. The issuer reserves the right to terminate any offering prior to its pricing date or to close ticketing early on any offering.
SEC Registered (Public) Offerings
Each issuer 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 have filed with the SEC for more complete information about that issuer and offerings. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov.
For Registered Offerings Issued by: Citigroup Inc.
Issuers Registration Statement Number: 333-192302
Issuers CIK on the SEC Website: 0000831001
Alternatively, you can request a prospectus and any other documents related to the offerings, either in hard copy or electronic form, by calling toll-free 1-877-858-5407 or by calling your Financial Advisor.
The SEC registered securities described herein are not bank deposits but are senior, unsecured debt obligations of the issuer. The SEC registered securities are not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other governmental agency or instrumentality.
Market-Linked Certificates of Deposit
The Market-Linked Deposits (MLDs) are not SEC registered offerings and are not required to be so registered. For indicative terms and conditions on any MLD, please contact your Financial Advisor or call the toll-free number 1-800-831-9146.
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and Risks of CitiFirst Investments
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To discuss CitiFirst structured 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) 723-7005
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 Descriptions EURO STOXX 50® Index License Agreement with STOXX Limited in the accompanying underlying supplement.
©2014 Citigroup Inc. Citi and Citi with Arc Design are registered service marks of Citigroup Inc. or its affiliates.