| Offer Summary |
| Security |
YIELDS2 - Yield Income Enhanced Listed Deferred Securities 2 |
| Issuer |
Citigroup Global Markets Australia Pty Limited ("Issuer" or "Citigroup) |
| Guarantor |
Citigroup Global Markets Holdings Inc |
| Rating of the Guarantor |
Aa1/AA- (Moody's/ S&P) |
| Investment |
Units in YIELDS2 (units are not units in a managed investment scheme) |
| Issue Price |
AUD 10.00 per Unit |
| Minimum Investment Amount |
AUD 5,000 and in multiples of AUD 1,000 above that amount |
| Offer Opens |
20 October 2004 |
| Offer Closes |
30 November 2004 |
| Issue Date |
6 December 2004 |
| Maturity Date |
6 December 2010 |
| Expected Listing Date |
8 December 2004 |
| Term of Investment |
6 Years |
| Denomination |
AUD |
| Deferral Payment Amount* |
Targeted at 12% per annum (net of the Strategy Discount Amount) |
| Deferral Payment frequency |
Quarterly in arrears |
| Reference Index |
Dow Jones Global Titans 50 Index ("DJGT") |
| Income Plus Trading Strategy |
This is a proprietary trading model developed by the Strategy Sponsor, that seeks to generate a potentially high level of income and capital growth by providing exposure to 30 shares that comprise the Reference Index |
| Dynamic Portfolio |
A notional investment is designed to replicate an investment strategy that allocates investment exposure between the Income Plus Trading Strategy and the Bond Portfolio according to set criteria |
| Delivery Assets |
One or more of the shares that comprise the Reference index |
| Final value per Unit |
The Final Value of the Delivery Parcel on the Maturity Date will be the greater of the:
(a) Capital Protection Value; or
(b)Dynamic Portfolio Value |
| Capital Protection Value** |
100% capital guaranteed on the Maturity Date. The value of each of the YIELDS2 Unit will be at least equal to the Issue Price on the Maturity Date |
| Dynamic Portfolio Value |
The value calculated by reference to the Dynamic Portfolio as at the Maturity Date |
| Strategy Sponsor |
Citigroup Global Markets Limited |
| ASX Listing |
The Issuer has applied for the official quotation of YIELDS2 to enable trading on the ASX |
| ASX code |
YLDSO2 |
