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MLI World Basket (Series 2004 - 01)

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This 6-year AUD denominated Market Linked Investment (MLI) is linked to the performance of a Reference Basket of the following equally weighted Australian and global equity indices:

Index Currency Weight

S&P/ASX 200

AUD

50%

MSCI World Index

USD

50%

Investment Strategy

The investment strategy provides an Investor in the MLI with access to the growth potential of Australian and global equity markets and the opportunity to take advantage of volatile markets with the safety of capital protection. The MLI offers exposure to a broad and diverse selection of Australian and global equities represented by the indices which comprise the Basket.

Investment Profile

Minimum Time Horizon (Years)
1 or Less
2
3
4
5+
Risk
Very Low
Low
Moderate
High
Very High
Investment Objective
Capital Protection
Income
Income/Growth
Growth
Enhanced Growth

Investment Objectives

You SeekYou can Accept
Exposure to Australian and global equity marketsA holding period of 6 years
100% capital protection at MaturityThe possibility of losing part of the initial Investment Amount if the MLI is not held to Maturity
Potential for capital growthThe risks associated with investing in Australian and global equity indices
A medium-term market-linked investmentThe possibility that returns could be less than the return you could earn on other investments
Access to global equities without currency riskThe risks associated with investing in medium-term financial products

Summary Terms
Series NumberSeries 2004-01
IssuerCitigroup Global Markets Australia Pty Limited ("Issuer" or "CGMA")
Reference Index (the Basket)50% S&P/ASX 200 (Reuters: .AXJO); and50% MSCI World Index (Reuters: .MSCIWO)
Offer Closed12 February 2004
Issue Date13 February 2004
Maturity Date13 February 2010
Term of Investment6 Years
DenominationAustralian Dollars
InvestmentUnits in the MLI with an Investment Amount of AUD 1.00.Each AUD 1.00 of the Investment Amount will constitute one Unit of the MLI.Please note "Units" when used in this document are not units in a managedinvestment scheme
Issue PriceAUD 1.00 per Unit
Minimum Investment AmountAUD 5,000 and in multiples of AUD 1,000 above that amount
Capital ProtectionInvestors are guaranteed by the Issuer that the value of each Unit on the Maturity Date will be at least equal to the Issue Price (subject to certain restrictions as described in the PDS).
Participation Rate180%
Basket Performance (the Marked Linked Performance)The Basket Performance of the MLI is calculated by averaging the weighted performance of the Basket from the Issue Date to each Observation Date.Please refer to the "Basket Performance" formula set out in the PDS.
Observation Dates13 May 2004, 13 August 2004, 15 November 2004, 14 February 2005, 13 May 2005, 15 August 2005, 14 November 2005, 13 February 2006, 15 May 2006, 14 August 2006, 13 November 2006, 13 February 2007, 14 May 2007, 13 August 2007, 13 November 2007, 13 February 2008, 13 May 2008, 13 August 2008, 13 November 2008, 13 February 2009, 13 May 2009, 13 August 2009, 13 November 2009, 12 February 2010
Final Value per UnitThe Final Value per Unit on the Maturity Date will be the higher of the:(a) the Issue Price, AUD 1.00; or(b) the amount calculated asAUD 1.00 x [1 + ( Participation Rate x Basket Performance)]
Delivery AssetUnits in the StreetTRACKS‚ S&P/ASX 200‚ Fund
Distributor Fees0.40% per annum (including GST) of the initial Investment Amount paid quarterly in arrears
Financial Adviser Fees(a) Upfront fee of 1.00% (including GST) of the initial Investment Amount(b) Trailing fee of 0.45% per annum (including GST) based on the initial Investment Amount, payable in quarterly instalments in arrears

This term sheet is a summary only of the terms of the MLI. The actual Terms and Conditions are contained in the Product Disclosure Statement ("PDS") dated 27 January 2004. Investors should read and understand the PDS prior to making any decision to invest.

Risk Factors

There are a number of risks associated with the MLI and investments in equity markets generally. Some of the key risks include:
  • Market Risk & Economic Factors
  • Performance of the Basket
  • Credit worthiness of the Issuer
  • Risk of Early Maturity
  • Adjustment Events
  • Liquidity Risk
  • Interest Rates
A more detailed explanation of the risks associated with an investment in the MLI are set out in the Product Disclosure Statement ("PDS") dated 27 January 2004.

More Information

For further information on Structured Financial Products contact the Citigroup Equity Structured Products Service Center.
Phone : 1 300 30 70 70.
Email : australia.warrants@citigroup.com
Mail : GPO Box 40, Sydney NSW 1027

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