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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.
| Issuer | Citigroup Global Markets Australia Pty Limited ("Issuer" or “CGMA”) |
|---|---|
| Reference Index (the Basket) | 50% S&P/ASX 200 (Reuters: .AXJO); and
50% MSCI World Index (Reuters: .MSCIWO) |
| Offer Opens | 8 March 2004 |
| Offer Closes | 7 May 2004 at 5:00 pm |
| Issue Date | 14 May 2004 |
| Maturity Date |
14 May 2010 |
| Term of Investment | 6 Years |
| Denomination | Australian Dollars |
| Investment | Units 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 managed investment scheme |
| Issue Price | AUD 1.00 per Unit |
| Minimum Investment Amount | AUD 5,000 and in multiples of AUD 1,000 above that amount |
| Capital Protection | Investors 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 Rate | Expected to range between 140% and 180% (but will not be less than 140%). Please see the PDS for more details. |
| 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 clause 15 of the PDS |
| Observation Dates |
Quarterly with the first Observation Date being 3 months from the Issue Date (24 Observation Dates in total over the Term of Investment). Please refer to the PDS for the actual dates. |
| Final Value per Unit | The 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 as AUD 1.00 x [1 + ( Participation Rate x Basket Performance)] |
| Delivery Asset | Units in the StreetTRACKS‚ S&P/ASX 200‚ Fund |
| Distributor Fees | 0.40% 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 Capital Protection only applies to Investments held on the Maturity Date and provided no Early Maturity occurs. Capital Protection is subject to the credit worthiness of Citigroup Global Markets Australia Pty Limited and Citigroup Inc."
| Time Horizon (Years) | 1 or Less |
1-3 |
3-4 |
5 or more |
Open-ended |
|
| Risk | Moderate |
High |
Very High |
Speculative |
||
| Investment Objective | Partial Protection |
Conditional Protection |
No Protection | Income | Growth |
The above table is a quick reference guide to certain parameters of the product relating to maturity, risk and type of investment goals this product will seek to meet. This is not a recommendation of the product, does not constitute investment advice and should not be construed as doing so.
| Phone | : | 1300 30 70 70. | |
| : | citifirst.au@citi.com | ||
| : | GPO Box 40, Sydney NSW 1027 | ||