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Restrictions on Sale

Options and structured products presented on this website cannot be subscribed for or sold in all countries. Consulting information documents relating to options and structured products makes it possible to determine the procedures for sale or distribution of the Products in the countries concerned. The options and structured products presented on the site are not offered for sale or subscription and the information documents relating thereto (or any other commercial documentation) are not distributed to any person or body resident in a territory where such sale or distribution would constitute an infringement of the local law or regulations. The options and structured products referred to on the site will not be registered within the meaning of the United States Securities Act of 1933 and may not be offered or sold in the USA. The content of the site is not intended for UK investors. The products and services presented on the site are not offered and may not be supplied to persons in the United Kingdom. BY ACCESSING INFORMATION SPECIFIC TO A GIVEN COUNTRY ON THIS WEBSITE, YOU RECOGNIZE AND CERTIFY THAT YOU ARE A RESIDENT OF THAT COUNTRY. The products and services presented in a part of the site devoted to a given country are only offered and may only be provided for the benefit of the residents of that country.

The options and structured products presented under the site heading devoted to the Netherlands solely comprise financial instruments admitted to listing on a regulated market and issued by public call for savings in the Netherlands according to the general principles established by the Financial Markets Authority.

Risk factors

Additional risk when investing with a high leverage effect.
Turbo's (Limited and/or BEST Turbo's) offer no guaranty in capital. The leverage effect of Turbo's works both upwards and downwards. The value of Turbo's (Limited and/or BEST Turbo's) can strongly vary and Turbo's (Limited and/or BEST Turbo's) can partially or totally lose their value. For Turbo's (Limited and/or BEST Turbo's) with a high leverage effect, the knock-out level is close to the price level of the underlying. The investor suffers therefore additional risk since a high leverage can increase the negative return if the investor’s scenario is not validated. This implies that the risk of reaching the knock-out level is higher. This risk increases for the investor with longer holding periods. When the knock-out level is reached, the Limited and BEST Turbo's have no residual value. The investment return will always be negative when the knock-out level is reached. This implies that the risk that the investor has to suffer a negative return with Turbo's (Limited and/or BEST Turbo's) is higher with Turbo's with a higher leverage than with Turbo's with a lower leverage. Turbo's (Limited and/or BEST Turbo's) are only suitable as a short term investment for experimented and active investors with understanding of the characteristics and risks of Turbo's (Limited and/or BEST Turbo's).

The investors are advised before investing in Turbo's (Limited and/or BEST Turbo's) to consult the description, risk factors and costs as set out in the Base prospectus and determine whether (Limited and/or BEST) Turbo's are suitable for them. The Base prospectus of Citi (Limited and/or BEST) Turbo's is approved by the BaFin (the German financial regulator) and passported to the AFM.

The prospectus, the related supplements and the final terms can be obtained from Citigroup Global Markets Europe AG, New Issues and Structuring, Frankfurter Welle – Reuterweg 16 – 60323 Frankfurt am Main, Germany and are available on www.citifirst.com

Other risk factors

The options and structured products are essentially high-risk investments, subject in particular to market risks such as interest-rate and exchange-rate risks, political risks and risks specific to the issuer of the underlying asset and to the time value.

Fluctuations in the prices of the underlying elements will affect the value of the options and that of the structured products.

Fluctuations in the exchange rates of any currencies concerned will affect the value of the options and that of the structured products.

The prices of options and structured products are volatile. If the underlying asset develops in an opposite direction to that anticipated, the losses incurred in respect of the option and the structured product may be higher than those sustained by the underlying asset.

The options and structured products have a limited life and may have a nil value on maturity. Bearing in mind the optional nature of the options and the structured products, investors should be aware of the risk of losing their entire initial investment.

Trading and hedging

The option and structured product markets may be limited and that may considerably affect their value and/or the capacity to transfer them.
Investors should not expect to transfer options or structured products at a given time for a particular amount.

Investors may be unable to hedge themselves against the risks incurred by such investments. Investors may make as great a loss in hedging transactions as on the options and structured products hedged.

Neither the issuer nor any of its associated or related companies gives any assurance whatsoever or guarantees the performance of options and structured products. Neither the issuer nor any of its associated or related companies is required to drive the secondary market or to redeem options or structured products.

Suitability of the options and structured products / lack of advice of any kind
Options and structured products are naturally very high-risk investments and are not therefore suitable for all investors. The information provided on the website is general and descriptive. The products presented on the website are not necessarily suitable for you.

The options and structured products presented on the website are intended for sophisticated investors able to understand and support the risks inherent in this type of transaction.

No element or information found on the website may be interpreted as constituting investment advice, legal or tax advice or any other form of recommendation or canvassing with a view to acquiring, subscribing for or transferring options or structured products on the website. Each investor must seek his own investment, legal and tax advice in order to assess the suitability, legality and risks involved in subscribing for or purchasing options or structured products presented on the website.

No offer – Simple information details

All details provided on the website are only given to provide information for the investor.

No details or information contained on the website constitute, fall within the scope of or should be deemed to be an offer, canvassing or an invitation to subscribe for or transfer the options or structured products presented on the site or constitute any investment service activities mentioned on the site.

No details or information contained on the website constitute or may be deemed to be advice with a view to subscribing for options or structured products.
The information provided on past performances does not prejudge future performance in any way.

All opinions, information or valuations presented on the website may be amended at any time without prior warning.

Loan transactions with a view to purchase

Any potential investor should be aware of the additional risks associated with any loan transaction with a view to acquiring the products presented on the website, particularly risks of losses borne up to the amount of repayment of capital and payment of interest. Investors should assess their financial situation with regard to potential losses resulting from the subscription for or purchase of options and structured products and the financial charges relating to loan transactions with a view to purchasing these products.

Diverging interests - Information on conflicts of interest

Citigroup and/or any other group company may take up positions from time to time on their own behalf and/or quote identical instruments or instruments economically associated with transactions conducted with investors, or may conduct investment banking transactions or other commercial relations with, or access information on the issuer of securities, financial instruments or other interests identical to or associated with transactions conducted with investors. Citigroup may also conduct activities on its own behalf, including transactions hedging risks connected with the opening or closing of a transaction with investors, which may have an unfavourable effect on the price, rate, index or other market factors underlying the transaction conducted with investors and consequently the value of the transaction.”

MISCELLANEOUS

Data protection
Pursuant to the “Information and Freedoms” Act of 6 January 1978 as amended by the Act of 6 August 2004, the user has a right to access, amend, correct and delete data concerning him and kept by CITIGROUP, as well as a right of objection. These rights apply to the Capital Markets Directorate, Citigroup, Citigroup Centre, Canada Square, London E14 5LB (United Kingdom).

Hypertext links available on the website
You will leave this site by clicking on one of the hypertext links available on this site. CITIGROUP declines all liability for the content and any loss or damage caused by visiting other sites accessible by hypertext link. Providing hypertext links does not in any way constitute advice or an opinion concerning the content of the sites reached via the hypertext links of third parties responsible for those sites.
Turbos are complex instruments and come with a high risk of losing money rapidly due to leverage. 7 out of 10 retail investor accounts lose money when trading turbos. You should consider whether you understand how turbos work and whether you can afford to take the high risk of losing your money.