MLI Lookback - Australian Financials Basket
| Offer Summary | |
| Issuer | Citigroup Global Markets Australia Pty Limited ("Issuer") |
| Basket | The Basket consists of a portfolio of the following Australian financial shares ANZ: Australia and New Zealand Banking Group Limited CBA: Commonwealth Bank of Australia MQG: Macquarie Group Limited NAB: National Australia Bank Limited WBC: Westpac Banking Corporation |
| Offer Closes | 17 April 2008 at 5:00 pm |
| Issue Date | 24 April 2008 |
| Maturity Date | AUD Series: 24 October 2011 USD Series: 24 April 2012 |
| Term of Investment | AUD Series: 3.5 Years USD Series: 4.0 Years |
| Denomination | AUD Series: Australian Dollars USD Series: United States Dollars |
| Investment | The MLI which is an agreement between the Investor and the Issuer governed by the Terms. |
| Issue Price | AUD Series: AUD1.00 per MLI unit USD Series: USD1.00 per MLI unit |
| Minimum Investment Amount | AUD Series: AUD10,000 and multiples of AUD1,000 thereafter USD Series: USD10,000 and multiples of USD1,000 thereafter |
| Capital Protection | The value of each MLI unit on the Maturity Date will be at least equal to the Issue Price (subject to certain restrictions as described on page 14)* |
| Initial Level | The Official Closing Level of the Basket on the Issue Date |
| Strike Level | The lowest Official Closing Level of the Basket as observed daily within the Lookback Period |
| Final Level | The Official Closing Level of the Basket on the Maturity Date |
| Lookback Period | The six month period following the Issue Date (24 April 2008 to 24 October 2008 inclusive) |
| Cap Level | AUD Series: Expected to range between 55% and 65% USD Series: Expected to range between 50% and 60% Please refer to the section 'What factors affect the Cap Level?' on page 9 for further details. |
| Basket Performance (the market linked performance) | The Basket Performance of the MLI is calculated in accordance with the formula below. |
| Final Value per MLI | The Final Value per MLI on the Maturity Date will be the amount calculated as: Issue Price × (1 + Min [Cap Level, Basket Performance] ) |
| Delivery Asset | Shares in the Commonwealth Bank of Australia (the “Commonwealth Bank”) (an ASX listed share, ASX code: CBA) |
| Financial Adviser Fees | Upfront fee payable by the Issuer of 3.50% (including GST) of the initial Investment Amount This fee will be paid by Citi at no additional cost to Investors. |
*The capital protection only applies to investments held for the full term until the Maturity Date and provided no Early Maturity Events occur. Capital protection is also subject to the credit worthiness of the Issuer. For more details, please refer to Section 2 of this PDS.