Alpha RESULTS (a 2010 - 02) Autocall Strategy Information
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Alpha RESULTS
Autocall Strategy:
This strategy provides the Investor with:
Autocall Return: cash payment monthly in arrears on the Income Payment Dates;
Conditional Capital Protection: the Investor will receive the Issue Price per Unit for each
Unit held on Maturity provided neither a Barrier Event nor Early Maturity occur, an Autocall
Event occurs, or if a Barrier Event and Autocall Event both occur;
In respect of each Reference Asset Portfolio, the Autocall Return (which only applies to the Alpha
RESULTS Autocall Strategy) is a simple (non–compounding) rate of return per annum payable
monthly in arrears throughout the term of investment. The Autocall Return specified in the table
below for Alpha RESULTS (a 2010 – 02) will be set by the Issuer on the relevant Issue Date and
specified in the Confirmation, but will not be less than the Minimum Autocall Return. The Autocall
Return for each subsequent Series of Alpha RESULTS will be set out in a supplementary product
disclosure statement available from Alpha at www.alpha–invest.com.au if you are an AFSL holder,
or the Issuer at www.citifirst.com.au/alpha_RESULTS.html and from the ASX at www.asx.com.au
if you are not an AFSL holder.
As at the date of the PDS, the indicative Autocall Return in respect of Alpha RESULTS (a 2010 –
02) is specified in the table below:
Reference Asset Portfolio
Minimum Autocall Return
Indicative Income Return at the date of the PDS
Portfolio J
11.00% p.a.
14.25% p.a.
Portfolio K
11.00% p.a.
13.00% p.a.
Portfolio L
9.00% p.a.
11.75% p.a.
Autocall Amount per
Unit:
(1/number of months in the Term) x Autocall Return x Issue Price per Unit
Income Record Dates:
Each monthly anniversary of the relevant Issue Date throughout the relevant Term (or, if any such
date is not a Business Day, the following Business Day).
Income Payment Dates:
5 Business Days after each Income Record Date.
Growth Return2:
There is no Growth Return in the Alpha RESULTS Autocall Strategy.
Growth Return Bonus2:
There is no Growth Return Bonus in the Alpha RESULTS Autocall Strategy.
Autocall Event Observation Dates:
The Autocall Event Observation Dates for each Series of Alpha RESULTS will be on the third
monthly anniversary of the relevant Issue Date and, thereafter, on each monthly anniversary
throughout the relevant Term with the exception of the Maturity Date (or, if any such date is not a
Business Day, the following Business Day). These dates are only relevant in respect of the Alpha
RESULTS Autocall Strategy.
Autocall Event:
An Autocall Event will occur if the Reference Price of each Reference Asset on an Autocall Event
Observation Date is greater than 100% of its respective Initial Price.
If an Autocall Event occurs on any Autocall Event Observation Date, the Maturity Date will be
deemed to be the Autocall Event Observation Date on which the Autocall Event occurs and Final
Value per Unit will be as specified below.
An Autocall Event is relevant only in respect of the Alpha RESULTS Autocall Strategy.
Final Value per Unit:
The Final Value per Unit will be determined in the following manner:
If an Autocall Event occurs
The Final Value per Unit on the Autocall Event Observation Date on which an Autocall Event
occurs will be equal to:
Issue Price per Unit
This will be the case even if a Barrier Event occurs during the investment period prior to the
Autocall Event.
If neither a Barrier Event nor an Autocall Event occur
If neither a Barrier Event nor an Autocall Event occur on, or prior to, the Maturity Date, then the
Final Value per Unit will be equal to:
Issue Price per Unit
If a Barrier Event occurs but an Autocall Event does not occur
If a Barrier Event occurs on, or prior to, the Maturity Date but neither Early Maturity nor an Autocall
Event occur, then the Final Value per Unit will be equal to:
If the Percentage Performance of the Lowest Priced Reference Asset on the relevant Maturity
Date ≥ 100%:
Issue Price per Unit
If the Percentage Performance of the Lowest Priced Reference Asset on the relevant Maturity
Date <Â 100%:
Issue Price per Unit x Percentage Performance of the Lowest Priced Reference Asset at
Maturity
2 Potential returns in Alpha RESULTS are linked to the Lowest Priced Reference Asset. Hence, Investors should be aware that their exposure is not based on the average performance of the relevant Reference Asset Portfolio and therefore the negative performance of one Reference Asset may not be offset by the positive performance of other Reference Assets within that portfolio.
