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FOR IMMEDIATE RELEASE
Citigroup Inc. (NYSE: C)
April 10, 2008
Bahrain: Citibank Launches Attractive Income Generating Products
Bahrain Citibank, a member of Citi, today launched attractive income generating options that are specially designed for investors seeking returns beyond what is currently available on fixed deposits.
The first investment option is a five-year USD denominated 100% capital protected at maturity note linked to six-month USD LIBOR and provides a semi-annual coupon of 5% p.a. as long as the LIBOR fixes within the ranges. The second option is a Euro denominated non-principal protected note linked to the the DJ Euro Stoxx 50 Index and provides potential returns of 11% p.a.
Commenting on the products, Country Head for the Consumer Bank, Mr. Ashish Bhugra, said: "We have specifically designed these products to fit the growing needs of the sophisticated wealth management customers in Bahrain. Both these options are ideal for investors who want returns higher than fixed deposits but who also want a safety net to protect the downside risk on their investment."
Citibank Bahrain is a top provider of wealth management solutions and has, over the past few years, launched a comprehensive suite of products and services that include innovative structured notes, mutual funds, Islamic investment options, hedge funds, multi-manager funds, unit linked insurance plans and CitiBest Current Account that pays attractive interest rates.
Citi has been in the Middle East for nearly 50 years and currently offers consumer banking services in Bahrain, the UAE and Egypt. In the Kingdom of Bahrain alone, Citibank, the consumer banking arm of Citi, has had a presence for the past 18 years, and is expanding its major operations within the country. The bank is currently a major player in the Bahrain credit card market and a leading provider of banking, wealth management and consumer credit services.
This does not constitute any offer or solicitation to buy or sell. Investors should refer to the relevant offering document(s) for detailed information and applicable Terms and Conditions prior to subscription.
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Citi
Citi, the leading global financial services company, has approx. 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credits, corporate and investment banking, securities brokerage, and wealth management. Citi's major brand names include Citibank, CitiFinancial, Primerica, Smith Barney, Banamex, and Nikko. Additional information may be found at www.citigroup.com or www.citi.com.
Certain statements in this document are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from those included in these statements due to a variety of factors. More information about these factors is contained in Citigroup's filings with the Securities and Exchange Commission.
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