| Offer Summary |
| Series Number |
Series 2005-01 |
| Issuer |
Citigroup Global Markets Australia Pty Limited ("Issuer" or "CGMA") |
| Reference Index (the Basket) |
KOSPI 200 (Reuters: .KS11)
Nikkei 225 (Reuters:.N225)
MSCI Taiwan (Reuters: .MSTW)
MSCI Singapore (Reuters: .MSSG)
Hang Seng (Reuters:.HSI) |
| Offer Opens |
25 January 2005 |
| Offer Closes |
28 Feburary 2005 at 5:00pm |
| Issue Date |
3 March 2005 |
| Maturity Date |
2 March 2010 |
| Term of Investment |
5 Years, subject to Auto-Call feature |
| Denomination |
Australian Dollars (AUD) |
| 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 10,000 and in multiples of AUD 1,000 above that amount |
| Capital Protection |
The Issuer guarantees that the value of each Unit on the earlier of the scheduled Maturity Date or an Auto-Call Date will be at least equal to the Issue Price. Please refer to the section Capital Protection on page 11 of the PDS. |
| Minimum Return |
The Issuer has targeted a minimum return of 9.1% (inclusive of the Guaranteed Coupon) over the term of the investment. |
| Guaranteed Coupon (year 1) |
At the end of the first year (3 March 2006), Investors will receive a Guaranteed Coupon of 9% on their Investment Amount. This amount is payable on or around 8 March 2006 |
| Capital Growth Rate |
Expected to range between 9.0% and 9.5%pa (the Capital Growth Rate will be at least 9.0%). Please refer to the section Factors Affecting the Capital Growth Rate on page 6 of the PDS |
| Auto-Call feature |
On any Auto-Call Date where the Early Maturity Condition has been satisfied, the Auto-Call Date will be deemed to be the Early Maturity Date and the Final Value per Unit shall be determined by reference to the Capital Growth Rate. Assuming a Capital Growth Rate of 9.0% pa, the Final Value Per Unit would be:
| Auto-Call Date |
Indicative Final Value per Unit* |
| 3 March 2007 |
AUD 1.09 |
| 3 March 2008 |
AUD 1.18 |
| 3 March 2009 |
AUD 1.27 |
|
| Early Maturity Condition |
If on any Auto-Call Date all of the 5 Reference Indices close at or above 100.1% of their Closing Level on the Issue Date (Initial Index Level) then the Early Maturity Condition will be satisfied and the Issuer must nominate the current Auto-Call Date as the Early Maturity Date |
| Final Value per Unit on the Maturity Date |
If the Auto-Call feature has not been triggered prior to the Maturity Date, the Final Value per Unit on the Maturity Date will be:
(a) if on the Maturity Date, any one of the Reference Indices has closed below 100.1% of their Initial Index Level, AUD1.001 per Unit; or
(b) If on the Maturity Date, all of the Reference Indices have closed at or above 100.1% of their Initial Index Level, AUD 1.36 per Unit* (assuming the minimum Capital Growth Rate of 9.0% pa applies) |
| Delivery Asset |
Units in the StreetTRACKS®‚ S&P/ASX 200‚ Fund |
| Distributor Fees |
3.00% (including GST) of the initial Investment Amount |
| Financial Adviser Fees |
Financial Advisers appointed by the Distributor may receive a placement fee and/or annual fee (including GST) based on the initial Investment Amount. These fees will be paid by the Distributor at no additional cost to Investors |
