Filed pursuant to Rule 433
Registration No. 333-192302
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CitiFirst Offerings Brochure | April 2015
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CitiFirst Performance Investments |
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Annual Reset Coupon Securities Based on the Russell 2000® Index |
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Buffered Digital Plus Securities Based on the S&P 500® Index |
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For all offerings documented herein (other than the Market-Linked Certificates of Deposit):
Investment Products
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Not FDIC Insured
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May Lose Value
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No Bank Guarantee
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For Financial Advisors Only Not for Onward Distribution
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CitiFirst Offerings Brochure | April 2015
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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 |
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.
For Financial Advisors Only Not for Onward Distribution
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CitiFirst Offerings Brochure | April 2015
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Annual Reset Coupon Securities Based on the Russell 2000® Index |
Indicative Terms*
Issuer: | Citigroup Inc. | |
Underlying index: | The Russell 2000® Index (ticker symbol: RTY) | |
Stated principal amount: | $1,000 per security | |
Pricing date: | April , 2015 (expected to be April 28, 2015) | |
Issue date: | April , 2015 (two business days after the pricing date) | |
Coupon payment dates: | Annually on the day of each April (expected to be the 30th day of each April), commencing April 30, 2016, or if such day is not a business day, the immediately following business day, provided that, if the valuation date immediately preceding any coupon payment date is postponed, such coupon payment date will be postponed for the same number of business days and no additional interest will accrue as a result of such delayed payment. Notwithstanding the foregoing, the coupon payment date for the final valuation date will be the maturity date. | |
Valuation dates: | With respect to each coupon payment date, the fifth business day preceding such coupon payment date, and are expected to be April 25, 2016, April 24, 2017, April 23, 2018, April 23, 2019, April 23, 2020 and April 23, 2021 (the final valuation date), each subject to postponement if such date is not a scheduled trading day or if certain market disruption events occur | |
Annual observation period: | The period commencing on and including the pricing date and ending on and including the first valuation date, and each subsequent period from and including a valuation date to and including the next succeeding valuation date. We refer to the pricing date together with the valuation dates as the observation dates. | |
Maturity date: | April , 2021 (expected to be April 30, 2021) | |
Coupon: | On each annual coupon payment date, the securities will pay a coupon at an annual rate determined as follows:
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If the applicable annual index return percentage is zero or positive: 5.25% to 5.75% (to be determined on the pricing date)
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If the applicable annual index return percentage is negative: 3.00%
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If the annual index return percentage for any coupon payment date is negative (meaning that the closing level of the underlying index is lower at the end of the most recent annual observation period than it was at the beginning of that annual observation period), you will only receive the lower of the two possible annual interest rates specified above. | ||
Annual index return percentage: | For any annual coupon payment date, the annual index return percentage is the percentage change from the closing level of the underlying index on the observation date occurring at the beginning of the most recently ended annual observation period to the closing level of the underlying index on the observation date occurring at the end of that annual observation period, calculated as follows: (i) final annual index level minus initial annual index level, divided by (ii) initial annual index level |
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.
For Financial Advisors Only Not for Onward Distribution
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CitiFirst Offerings Brochure | April 2015
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Initial annual index level: | For purposes of calculating the annual index return percentage, the closing level of the underlying index on the observation date occurring at the beginning of the relevant annual observation period | |
Final annual index level: | For purposes of calculating the annual index return percentage, the closing level of the underlying index on the observation date occurring at the end of the relevant annual observation period | |
Payment at maturity: | At maturity, for each security you then hold, you will receive the applicable annual coupon payment plus:
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If the final index level is greater than or equal to the buffer level: $1,000
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If the final index level is less than the buffer level: ($1,000 x the index performance factor) + $150.00
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If the final index level is less than the buffer level, 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 | |
Buffer level: | , 85.00% 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: | 1730T06U8 |
Investor Profile
Investor Seeks: |
Investor Can Accept: | |||||||
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A medium-term equity index-linked investment |
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A holding period of approximately 6 years | |||||
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Contingent coupon |
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The possibility of losing a significant portion of the principal amount invested | |||||
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The structured investments discussed herein are not suitable for all investors. Prospective investors should evaluate their financial objectives and tolerance for risk prior to investing in any structured investment |
A complete description of the risks associated with this investment is outlined in the Summary Risk Factors section of the applicable preliminary pricing supplement.
For questions, please call your Financial Advisor
* The information listed above is not intended to be a complete description of all of the terms, risks and benefits of a particular investment. All maturities are approximate. All terms in brackets are indicative only and will be set on the applicable pricing date. All returns and any principal amount due at maturity are subject to the applicable issuers credit risk, with the exception of the Market-Linked Certificates of Deposit which have FDIC insurance, subject to applicable limitations. Please refer to the relevant investments offering documents and related material(s) for additional information.
For Financial Advisors Only Not for Onward Distribution
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CitiFirst Offerings Brochure | April 2015
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Buffered 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: | April , 2015 (expected to be April 28, 2015) | |
Issue date: | April , 2015 (two business days after the pricing date) | |
Valuation date: | April , 2021 (expected to be April 28, 2021), subject to postponement if such date is not a scheduled trading day or if certain market disruption events occur | |
Maturity date: | May , 2021 (expected to be May 3, 2021) | |
Payment at maturity: | For each $1,000 stated principal amount security you hold at maturity: | |
If the final index level is not less than the initial index level by an amount greater than the buffer amount: $1,000 + the greater of (i) the fixed return amount and (ii) $1,000 x the index percent increase
If the final index level is less than the initial index level by an amount greater than the buffer amount: ($1,000x the index performance factor) + $150.00 | ||
If the underlying index depreciates from the initial index level to the final 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 | |
Fixed return amount: | $175.00 to $225.00 per security (17.50% to 22.50% 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 not less than the initial index level by an amount greater than the buffer amount. | |
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 | |
Buffer amount: | 15.00% | |
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: | 1730T06W4 |
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.
For Financial Advisors Only Not for Onward Distribution
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CitiFirst Offerings Brochure | April 2015
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Investor Profile
Investor Seeks: |
Investor Can Accept: | |||||||
¡ |
A medium-term equity index-linked investment |
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A holding period of approximately 6 years | |||||
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A risk-adjusted equity complement |
¡ |
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.
For Financial Advisors Only Not for Onward Distribution
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CitiFirst Offerings Brochure | April 2015
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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.
For Financial Advisors Only Not for Onward Distribution
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CitiFirst Offerings Brochure | April 2015
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and Risks of CitiFirst Investments
For Financial Advisors Only Not for Onward Distribution
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CitiFirst Offerings Brochure | April 2015
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For Financial Advisors Only Not for Onward Distribution |
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CitiFirst Offerings Brochure | April 2015
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Notes
For Financial Advisors Only Not for Onward Distribution
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) 723-3136
For more information, please go to www.citifirst.com
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.
Russell 2000® Index is a trademark of the Russell Investment Group and has been licensed for use by Citigroup Inc.
©2015 Citigroup Inc. Citi and Citi with Arc Design are registered service marks of Citigroup Inc. or its affiliates.
For Financial Advisors Only Not for Onward Distribution |