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Offer Summary
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Series
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Optimiser II (Series 2005-05)
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Issuer
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Citigroup
Global Markets Australia Pty Limited ("Citigroup “ or " Issuer
")
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Asset
Classes and Reference Assets
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Equities
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Bonds/Currencies
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Commodities
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1.EURO STOXX 50
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1. Citigroup World Government Bond Index
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1. Aluminium
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2. Hang Seng
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2. Copper
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3. Nikkei 225
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2. Australian Dollar Exchange Rate
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3. Natural Gas
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4. S&P 500
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4. Crude Oil
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Offer
Closes
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14 December at 5.00pm
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Issue Date
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8 December
2005
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Maturity
Date
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8 December
2008
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Term of
Investment
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3 years
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Denomination
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Australian
Dollars
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Issue
Price
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A$1.00 per
Unit
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Minimum
Investment Amount
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A$5000 and
in multiples of A$1,000 above that amount
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Capital
Protection
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The value
of each unit on the Maturity Date will be at least equal to the Issue Price*
(refer to Capital Protection and Early Maturity contained in section 1
for further details)
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Coupon
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1.0% per annum based on the Issue Price**
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Investment Profiles and Asset Allocations
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The allocations to each Asset Class within the 3 muliti-asset
Investment Profiles are:
Equities-biased = 60%
Equities + 20% Bonds/Currencies + 20% Commodities
Balanced = 1/3
Equities + 1/3 Bonds/Currencies + 1/3 Commodities
Commodities-biased =
20% Equities + 20% Bonds/Currencies + 60% Commodities
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Best
Performing Investment Profile
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The
Investment Profile with the highest Investment Profile Return on the Maturity
Date
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Participation Rate
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Expected to range between 70% and 100%, the minimum
Participation Rate will be 70%*** (refer to what factors affect the
Participation Rate contained in section 1 for further details)
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Final Return
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The Final Return on the Maturity Date will be the greater
of:
(a) Zero;
and
(b) The
Best Performing Investment Profile Return x Participation Rate
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Delivery Asset
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Units in the StreetTRACKS® Fund
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Fees and Commissions
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Upfront fee -
an upfront fee of up to 2.00% (including GST) of the Investment Amount.
Trailing fee –
a trailing fee of up to 0.33% per annum (including GST) based on the
Investment Amount, payable annually in arrears, on the anniversary of the
Issue Date, conditional on the investor continuing to hold the Optimiser.
These fees will be paid by
Citigroup at no additional cost to investors. Citigroup may also pay
advisers, out of its own funds, an additional volume based upfront fee of up
to 0.50% (including GST) of the Investment Amount.
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*The capital protection only applies to investments held
until the Maturity Date and provided that no Early Maturity Events occur. Capital protection is also subject to
the credit worthiness of the Issuer. Please refer to the Paragraph headed
“Capital Protection” contained in section 1 of the PDS dated 14 October 2005.
**The Coupon of
1.0% p.a is based on the Issue Price and payable annually in arrears.
***The participation
Rate is indicative only. The actual level of the Participation Rate will be
fixed on the Issue Date and is
expected to range between 70% and 100% (the minimum will be 70%). Please refer
to the section “What Factors Affect the Participation Rate?” contained in
section 1 of the PDS dated 14 October 2005 for further details.
