Citibank: invest in the "stars"
Athens, July 19, 2006
Athens. The new Citigroup S&P Global Stars Index Notes offered by Citibank, invests in the index that comprises the 25 most competitive international equities, while at the same time the issuer, Citibank International plc., provides 100% capital protection at maturity. The new investment product has a tenor of 3 years and is offered by Citibank until 28th July in Euros and US Dollars, with minimum investment of €50,000 or US$66,000.
More analytically, the Global Stars Custom Index, which was created by Citigroup in cooperation with Standard & Poor’s, consists of the international equities with the best prospects to exceed the returns of their respective markets. The index is restructured every 6 months, in order to meet current financial conditions, and its geographic allocation is 40% US, 40% Europe and 20% Asia.
The new Citigroup S&P Global Stars Index Notes offer potential for higher performance compared to time deposits. They are considered as “low investment risk”, due to 100% capital protection at maturity by the issuer. Finally, they are addressed to those who wish to grow their capital and their revenue at a faster pace but whose financial stability does not depend directly on returns.
More product details are included in the attached fact sheets:
Factsheet Citigroup S&P Global Stars Callable Note USD
Factsheet Citigroup S&P Global Stars Callable Note EUR
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