FWP

FWP 1 d379882dfwp.htm FWP FWP

Filed pursuant to Rule 433

Registration Statement Nos. 333-214120 and 333-214120-03

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CitiFirst Offerings Brochure | June 2017

Table of Contents


Introduction to CitiFirst Investments			3

CitiFirst Protection Investments

Market-Linked Notes Based on a Basket of Three Underliers (5.5 Years)			4

CitiFirst Performance Investments

Dual Directional Barrier Securities Based on the S&P 500^® Index			6

Buffer Securities Based on the Dow Jones Industrial Average™			8

Autocallable Contingent Coupon Equity Linked Securities Based on the Worst Performing of the Common Stock of Valero Energy Corporation and the Common Stock of Halliburton Company			10

Uncapped Contingent Buffered Equity Notes Linked to the S&P 500^® Index			12

General Overview of Investments			14

Important Information for the Monthly Offerings			15

Overview of Key Benefits and Risks of CitiFirst Investments			16

Additional Considerations			17

For all offerings documented herein (other than the Market-Linked Certificates of Deposit):


		Investment Product		Not FDIC Insured		May Lose Value		No Bank Guarantee

CitiFirst Offerings Brochure | June 2017

Introduction to CitiFirst Investments

CitiFirst is the brand name for Citi’s offering of investments including notes and deposits. Tailored to meet the needs of a range of investors, CitiFirst investments are divided into three categories based on the amount of principal due at maturity:



CitiFirst Protection Full principal amount due at maturity	CitiFirst Performance Payment due at maturity may be less than the principal amount	CitiFirst Opportunity Payment due at maturity may be zero

Investments provide for the full principal amount to be due at maturity, subject to the credit risk of the issuer, and are for investors who place a priority on the preservation of principal while looking for a way to potentially outperform cash or traditional fixed income investments	Investments provide for a payment due at maturity, subject to the credit risk of the issuer, that may be less than the principal amount and in some cases may be zero, and are for investors who are seeking the potential for current income and/or growth, in addition to partial or contingent downside protection	Investments provide for a payment at maturity, subject to the credit risk of the issuer, that may be zero and are for investors who are willing to take full market risk in return for either leveraged principal appreciation at a predetermined rate or access to a unique underlying strategy

The structured investments discussed herein are not suitable for all investors. Prospective investors should evaluate their financial objectives and tolerance for risk prior to investing in any structured investment. The SEC registered securities described herein are not bank deposits but are senior, unsecured debt obligations of Citi. All returns and any principal amount due at maturity are subject to the applicable issuer credit risk, with the exception of the Market-Linked Certificates of Deposit which have FDIC insurance, subject to applicable limitations. Structured investments are not conventional debt securities. They are complex in nature and the specific terms and conditions will vary for each offering.

CitiFirst operates across all asset classes meaning that underlying assets include equities, commodities, currencies, interest rates and alternative investments. When depicting a specific product, the relevant underlying asset will be shown as a symbol on the cube:

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For instance, if a CitiFirst Performance investment were based upon a single stock, which belongs to an equity asset class, its symbol would be shown as follows:

Classification of investments into categories is not intended to guarantee particular results or performance. Though the potential returns on structured investments are based upon the performance of the relevant underlying asset or index, investing in a structured investment is not equivalent to investing directly in the underlying asset or index.

CitiFirst Offerings Brochure | June 2017

Market-Linked Notes Based on

a Basket of Three Underliers

(5.5 Years)

Indicative Terms*


Issuer:	Citigroup Global Markets Holdings Inc., a wholly owned subsidiary of Citigroup Inc.
Guarantee:	All payments due on the notes are fully and unconditionally guaranteed by Citigroup Inc.
Basket:	Basket Component	Weighting Initial Component Value* Multiplier**

	S&P 500^® Index (ticker symbol: “SPX”)	33.34%
	EURO STOXX 50^® Index (ticker symbol: “SX5E”)	33.33%
	Shares of the iShares^® iBoxx^® $ High Yield Corporate Bond ETF (ticker symbol: “HYG”)	33.33%
	* The initial component value for each basket component will be the closing level or closing price, as applicable, of that basket component on the pricing date
	** The multiplier for each basket component will be determined as follows:
	(initial basket level x weighting) / initial component value.
Stated Principal Amount:	$1,000 per note
Pricing Date:	June , 2017 (expected to be June 27, 2017)
Issue Date:	June , 2017 (three business days after the pricing date)
Valuation Date:	The day of each March, June, September and December (expected to be the 27^th day of each March, June, September and December) during the term of the notes, beginning September 2017, each subject to postponement if such date is not a scheduled trading day or if certain market disruption events occur with respect to a basket component
Maturity Date:	December , 2022 (expected to be December 30, 2022)
Coupon payment dates:	The day of each June and December (expected to be the 30^th day of each June and December), beginning on December , 2017 (expected to be December 30, 2017) and ending on the maturity date, provided that if any such day is not a business day, the applicable coupon payment will be made on the next succeeding business day and no interest will accrue as a result of delayed payment
Coupon:	On each semi-annual coupon payment date, the notes will pay a coupon at a rate of 0.60% per annum
Payment at maturity:	For each note, the $1,000 stated principal amount per note plus the note return amount, which will be either zero or positive, plus the coupon payment due at maturity

Note return amount:	• If the average basket return percentage is greater than zero:

	$1,000 x average basket return percentage x upside participation rate

	• If the average basket return percentage is less than or equal to zero:

	$0
Average basket return percentage:	The arithmetic average of the interim basket return percentages, as measured on each of the valuation dates
Interim basket return percentage:	On each valuation date: (ending basket level – initial basket level) / initial basket level
Initial basket level:	100

For questions, please call your Financial Advisor

* The information listed above is not intended to be a complete description of all of the terms, risks and benefits of a particular investment. All maturities are approximate. All terms in brackets are indicative only and will be set on the applicable pricing date. All returns and any principal amount due at maturity are subject to the applicable issuer’s credit risk, with the exception of the Market-Linked Certificates of Deposit which have FDIC insurance, subject to applicable limitations. Please refer to the relevant investment’s offering documents and related material(s) for additional information

CitiFirst Offerings Brochure | June 2017


Ending basket level:		The closing level of the basket on the relevant valuation date. The closing level of the basket on any valuation date is equal to the sum of the products of each basket component’s closing level or closing price, as applicable, on that date and its multiplier
Upside participation rate:		100.00% to 110.00%. The actual upside participation rate will be determined on the pricing date.
CUSIP:		17324CJR8
Listing:		The notes will not be listed on any securities exchange and, accordingly, may have limited or no liquidity. You should not invest in the notes unless you are willing to hold them to maturity.

Investor Profile


Investor Seeks:		Investor Can Accept:
∎	A medium-term equity index-linked investment	∎	A holding period of approximately 5.5 years

∎	Full principal amount due at maturity	∎	The structured investments discussed herein are not suitable for all investors. Prospective investors should evaluate their financial objectives and tolerance for risk prior to investing in any structured investment

A complete description of the risks associated with this investment is outlined in the “Summary Risk Factors” section of the applicable preliminary pricing supplement.

For questions, please call your Financial Advisor

CitiFirst Offerings Brochure | June 2017

Dual Directional Barrier Securities

Based on the S&P 500^® Index

Indicative Terms*


Issuer:		Citigroup Global Markets Holdings Inc., a wholly owned subsidiary of Citigroup Inc.
Guarantee:		All payments due on the securities are fully and unconditionally guaranteed by Citigroup Inc.
Underlying index:		The S&P 500^® Index (ticker symbol: “SPX”)
Stated principal amount:		$1,000 per security
Pricing date:		June , 2017 (expected to be June 26, 2017)
Issue date:		June , 2017 (three business days after the pricing date)
Valuation dates:		December , 2020 (expected to be December 28, 2020), subject to postponement if such date is not a scheduled trading day or if certain market disruption events occur
Maturity date:		December , 2020 (expected to be December 31, 2020)
Payment at maturity:		For each $1,000 stated principal amount security you hold at maturity:

		• If the final index level is greater than or equal to the initial index level:

		$1,000 + the upside return amount, subject to the maximum upside return

		• If the final index level is less than the initial index level but greater than or equal to the barrier level:

		$1,000 + the downside return amount

		• If the final index level is less than the barrier level:

		$1,000 x the index performance factor

		If the final index level is less than the barrier level, your payment at maturity will be less, and possibly significantly less, than $700.00 per security. You should not invest in the securities unless you are willing and able to bear the risk of losing a significant portion, and up to all, of your investment.
Initial index level:		, the closing level of the underlying index on the pricing date
Final index level:		The closing level of the underlying index on the valuation date
Upside return amount:		$1,000 x the index percent change
Downside return amount:		$1,000 x the absolute value of the index percent change
Index performance factor:		The final index level divided by the initial index level
Index percent change:		The final index level minus the initial index level, divided by the initial index level
Barrier level:		, 70.00% of the initial index level
Maximum upside return:		$175.00 to $200.00 per security (17.50% to 20.00% of the stated principal amount), to be determined on the pricing date.
Listing:		The securities will not be listed on any securities exchange and, accordingly, may have limited or no liquidity. You should not invest in the securities unless you are willing to hold them to maturity.
CUSIP:		17324CJS6

For questions, please call your Financial Advisor

CitiFirst Offerings Brochure | June 2017

Investor Profile


Investor Seeks:		Investor Can Accept:
∎	A medium-term equity index-linked investment	∎	A holding period of approximately 3.5 years

∎	A risk-adjusted equity complement	∎	The possibility of losing a significant portion, possibly all, of the principal amount invested

		∎	The structured investments discussed herein are not suitable for all investors. Prospective investors should evaluate their financial objectives and tolerance for risk prior to investing in any structured investment

A complete description of the risks associated with this investment is outlined in the “Summary Risk Factors” section of the applicable preliminary pricing supplement.

For questions, please call your Financial Advisor

CitiFirst Offerings Brochure | June 2017

Buffer Securities Based on the

Dow Jones Industrial Average™

Indicative Terms*


Issuer:		Citigroup Global Markets Holdings Inc., a wholly owned subsidiary of Citigroup Inc.
Guarantee:		All payments due on the securities are fully and unconditionally guaranteed by Citigroup Inc.
Underlying index:		The Dow Jones Industrial Average^TM (ticker symbol: “INDU”)
Stated principal amount:		$1,000 per security
Pricing date:		June , 2017 (expected to be June 26, 2017)
Issue date:		June , 2017 (three business days after the pricing date)
Valuation date:		June , 2022 (expected to be June 27, 2022), subject to postponement if such date is not a scheduled trading day or if certain market disruption events occur
Maturity date:		June , 2022 (expected to be June 30, 2022)
Payment at maturity:		For each $1,000 stated principal amount security you hold at maturity:

		• If the final index level is greater than the initial index level:

		$1,000 + the leveraged return amount, subject to the maximum return at maturity

		• If the final index level is equal to the initial index level or less than the initial index level by an amount less than or equal to the buffer amount:

		$1,000

		• If the final index level is less than the initial index level by an amount greater than the buffer amount:

		($1,000 x the index performance factor) + $200.00

		If the underlying index decreases from the initial index level to the final index level by more than the buffer amount, your payment at maturity will be less, and possibly significantly less, than the $1,000 stated principal amount per security. You should not invest in the securities unless you are willing and able to bear the risk of losing a significant portion of your investment.
Initial index level:		, the closing level of the underlying index on the pricing date
Final index level:		The closing level of the underlying index on the valuation date
Index performance factor:		The final index level divided by the initial index level
Index percent increase:		The final index level minus the initial index level, divided by the initial index level
Leveraged return amount:		$1,000 x the index percent increase x the leverage factor
Leverage factor:		110.00% and 120.00%. The actual leverage factor will be determined on the pricing date.
Maximum return at maturity:		$500.00 per security (50.00% of the stated principal amount). Because of the maximum return at maturity, the payment at maturity will not exceed $1,500.00 per security.
Buffer amount:		20.00%
Listing:		The securities will not be listed on any securities exchange and, accordingly, may have limited or no liquidity. You should not invest in the securities unless you are willing to hold them to maturity.
CUSIP:		17324CJV9

For questions, please call your Financial Advisor

CitiFirst Offerings Brochure | June 2017

Investor Profile


Investor Seeks:		Investor Can Accept:
∎	A medium-term equity index-linked investment	∎	A holding period of approximately five years

∎	A risk-adjusted equity complement	∎	The possibility of losing a significant portion, possibly all, of the principal amount invested

		∎	The structured investments discussed herein are not suitable for all investors. Prospective investors should evaluate their financial objectives and tolerance for risk prior to investing in any structured investment

A complete description of the risks associated with this investment is outlined in the “Summary Risk Factors” section of the applicable preliminary pricing supplement.

For questions, please call your Financial Advisor

CitiFirst Offerings Brochure | June 2017


Autocallable Contingent Coupon Equity Linked Securities Based on the Worst Performing of the Common Stock of Valero Energy Corporation and the Common Stock of Halliburton Company

Indicative Terms*

Issuer:

Citigroup Global Markets Holdings Inc., a wholly owned subsidiary of Citigroup Inc.

Guarantee:

All payments due on the securities are fully and unconditionally guaranteed by Citigroup Inc.

Underlying assets:

Underlying shares

Initial share

Coupon barrier

Final barrier

Equity

price*

price**

price***

ratio****

Shares of Common Stock of Valero Energy Corporation

Shares of Common Stock of Halliburton Company

The closing price of the applicable underlying shares on the pricing date

For each of the underlying shares, 75% of the applicable initial share price

***

For each of the underlying shares, 75% of the applicable initial share price

****

The stated principal amount divided by the applicable initial share price, subject to anti-dilution adjustments for certain corporate events

Stated principal amount:

$1,000 per security

Pricing date:

June , 2017 (expected to be June 22, 2017)

Issue date:

June , 2017 (three business days after the pricing date)

Valuation dates:

Expected to be September 22, 2017, December 22, 2017, March 22, 2018 and June , 2018 (the “final valuation date,” which is expected to be June 22, 2018), each subject to postponement if such date is not a scheduled trading day for either of the underlying shares or if certain market disruption events occur with respect to either of the underlying shares

Maturity date:

Unless earlier redeemed, June , 2018 (expected to be June 27, 2018)

Contingent coupon payment dates:

For each valuation date, the fifth business day after such valuation date, except that the contingent coupon payment date for the final valuation date will be the maturity date

Contingent coupon:

On each quarterly contingent coupon payment date, unless previously redeemed, the securities will pay a contingent coupon equal to 2.375% to 2.625% (approximately 9.50% to 10.50% per annum) (to be determined on the pricing date) of the stated principal amount of the securities if and only if the closing price of the worst performing underlying shares on the related valuation date is greater than or equal to the applicable coupon barrier price. If the closing price of the worst performing underlying shares on any quarterly valuation date is less than the applicable coupon barrier price, you will not receive any contingent coupon payment on the related contingent coupon payment date.

For questions, please call your Financial Advisor

CitiFirst Offerings Brochure | June 2017


Payment at maturity:		If the securities are not automatically redeemed prior to maturity, you will be entitled to receive at maturity for each security you then hold:

		• If the final share price of the worst performing underlying shares on the final valuation date is greater than or equal to the applicable final barrier price:

		$1,000 plus the contingent coupon payment due at maturity

		• If the final share price of the worst performing underlying shares on the final valuation date is less than the applicable final barrier price:

		a fixed number of the worst performing underlying shares equal to the applicable equity ratio (or, if we exercise our cash election right, the cash value of those shares based on their closing price on the final valuation date)

		If the final share price of the worst performing underlying shares on the final valuation date is less than the applicable final barrier price, you will receive a number of the worst performing underlying shares (or, in our sole discretion, cash) worth less than 75% of the stated principal amount of your securities, and possibly nothing, at maturity, and you will not receive any contingent coupon payment at maturity.
Automatic early redemption:		If, on any potential redemption date, the closing price of the worst performing underlying shares is greater than or equal to the applicable initial share price, each security you then hold will be automatically redeemed on the related contingent coupon payment date for an amount in cash equal to $1,000 plus the related contingent coupon payment
Potential redemption dates:		Each quarterly valuation date beginning in September 2017 and ending in March 2018
Final share price:		For each of the underlying shares, the applicable closing price on the final valuation date
Share performance factor:		For each of the underlying shares on any valuation date, the applicable closing price on that valuation date divided by the applicable initial share price
Worst performing underlying shares:		For any valuation date, the underlying shares with the lowest share performance factor on that valuation date
Listing:		The securities will not be listed on any securities exchange and, accordingly, may have limited or no liquidity. You should not invest in the securities unless you are willing to hold them to maturity.
CUSIP:		17324XCD0

Investor Profile


Investor Seeks:		Investor Can Accept:
∎	A short-term equity-linked investment	∎	A holding period of approximately one year

∎	A risk-adjusted equity complement	∎	The possibility of losing a significant portion of the principal amount invested

		∎	The structured investments discussed herein are not suitable for all investors. Prospective investors should evaluate their financial objectives and tolerance for risk prior to investing in any structured investment

A complete description of the risks associated with this investment is outlined in the “Summary Risk Factors” section of the applicable preliminary pricing supplement.

For questions, please call your Financial Advisor

CitiFirst Offerings Brochure | June 2017


Uncapped Contingent Buffered Equity Notes Linked to the S&P 500^® Index

Indicative Terms*


Issuer:		JPMorgan Chase Financial Company LLC, an indirect, wholly owned finance subsidiary of JPMorgan Chase & Co.
Guarantee:		All payments due on the securities are fully and unconditionally guaranteed by JPMorgan Chase & Co.
Index:		The S&P 500^® Index (Bloomberg ticker: SPX)
Stated principal amount:		$1,000 per security
Pricing date:		On or about June 27, 2017
Issue date:		On or about June 30, 2017
Observation Date		June 27, 2022
Maturity date:		June 30, 2022
Payment at maturity:		• If the Final Value is greater than or equal to the Initial Value or is less than the Initial Value by up to the Contingent Buffer Amount, your payment at maturity per $1,000 principal amount note will be calculated as follows:

		$1,000 + ($1,000 x greater of (a) Contingent Minimum Return and (b) Index Return)

		• If the Final Value is less than the Initial Value by more than the Contingent Buffer Amount, your payment at maturity per $1,000 principal amount note will be calculated as follows:

		$1,000 + ($1,000 x Index Return)

		If the Final Value is less than the Initial Value by more than the Contingent Buffer Amount, you will lose more than 20.00% of your principal amount at maturity and could lose all of your principal amount at maturity.
Index Return:		(Final Value – Initial Value)
		Initial Value
Initial Value:		The closing level of the Index on the Pricing Date
Final Value:		The closing level of the Index on the Observation Date
Contingent Minimum Return:		Between 18.00% and 20.00% (to be provided in the pricing supplement)
Contingent Buffer Amount:		20.00%
Listing:		The securities will not be listed on any securities exchange and, accordingly, may have limited or no liquidity. You should not invest in the securities unless you are willing to hold them to maturity.
CUSIP:		46647MKQ5

For questions, please call your Financial Advisor

CitiFirst Offerings Brochure | June 2017

Investor Profile


Investor Seeks:		Investor Can Accept:
∎	A medium-term equity-linked investment	∎	A holding period of approximately five years

∎	A risk-adjusted equity complement	∎	The possibility of losing a significant portion, possibly all, of the principal amount invested

		∎	The structured investments discussed herein are not suitable for all investors. Prospective investors should evaluate their financial objectives and tolerance for risk prior to investing in any structured investment

A complete description of the risks associated with this investment is outlined in the “Summary Risk Factors” section of the applicable preliminary pricing supplement.

For questions, please call your Financial Advisor

CitiFirst Offerings Brochure | June 2017

General Overview of Investments


		CitiFirst Protection Investments


Investments	Maturity	Risk Profile*	Return*
Contingent Absolute Return MLDs/Notes	1-2 Years	Full principal amount due at maturity	If the underlying never crosses either an upside or downside threshold, the return on the investment equals the absolute value of the return of the underlying. Otherwise, the return equals zero
Contingent Upside Participation MLDs/Notes	1-5 Years	Full principal amount due at maturity	If the underlying crosses an upside threshold, the return on the investment equals an interest payment paid at maturity. Otherwise, the return equals the greater of the return of the underlying and zero
Minimum Coupon Notes	3-5 Years	Full principal amount due at maturity	If the underlying ever crosses an upside threshold during a coupon period, the return for the coupon period equals the minimum coupon. Otherwise, the return for a coupon period equals the greater of the return of the underlying during the coupon period and the minimum coupon
Market-Linked Notes/ Deposits & Safety First Trust Certificates	3-7 Years	Full principal amount due at maturity	The return on the investment equals the greater of the return of the underlying multiplied by a participation rate and zero; the maximum return is capped


		CitiFirst Performance Investments


Investments	Maturity	Risk Profile*	Return*
ELKS^®	6-13 Months	Payment at maturity may be less than the principal amount	A fixed coupon is paid regardless of the performance of the underlying. If the underlying never crosses a downside threshold, the return on the investment equals the coupons paid. Otherwise, the return equals the sum of the coupons paid and the return of the underlying at maturity
Buffer Notes	1-5 Years	Payment at maturity may be less than the principal amount	If the return of the underlying is positive at maturity, the return on the investment equals the lesser of (a) the return of the underlying multiplied by a participation rate and (b) the maximum return on the notes. If the return of the underlying is either zero or negative by an amount lesser than the buffer amount, the investor receives the stated principal amount. Otherwise, the return on the investment equals the return of the underlying plus the buffer amount
CoBas/PACERS^SM	1-5 Years	Payment at maturity may be less than the principal amount	If the underlying is equal to or greater than a threshold (such as its initial value) on any call date, the note is called and the return on the investment equals a fixed premium. If the note has not been called, at maturity, if the underlying has crossed a downside threshold, the return on the investment equals the return of the underlying, which will be negative. Otherwise, the return equals zero
LASERS^SM	1-5 Years	Payment at maturity may be less than the principal amount	If the return of the underlying is positive at maturity, the return on the investment equals the return of the underlying multiplied by a participation rate (some versions are subject to a maximum return on the notes). If the return of the underlying is negative and the underlying has crossed a downside threshold, the return on the investment equals the return of the underlying, which will be negative. Otherwise, the return equals zero


		CitiFirst Opportunity Investments


Investments	Maturity	Risk Profile*	Return*
Upturn Notes	1-2 Years	Payment at maturity may be zero	If the underlying is above its initial level at maturity, the return on the investment equals the lesser of the return of the underlying multiplied by a participation rate and the maximum return on the notes. Otherwise, the return equals the return of the underlying
Fixed Upside Return Notes	1-2 Years	Payment at maturity may be zero	If the underlying is equal to or above its initial level at maturity, the return on the investment equals a predetermined fixed amount. Otherwise, the return equals the return of the underlying
Strategic Market Access Notes	3-4 Years	Payment at maturity may be zero	The return on the investment equals the return of a unique index created by Citi

*All returns and any principal amount due at maturity are subject to the applicable issuer’s credit risk, with the exception of Market-Linked Certificates of Deposit which has FDIC insurance, subject to applicable limitations. This is not a complete list of CitiFirst structures. The descriptions above are not intended to completely describe how an investment works or to detail all of the terms, risks and benefits of a particular investment. The return profiles can change. Please refer to the offering documents and related material(s) of a particular investment for a comprehensive description of the structure, terms, risks and benefits related to that investment.

CitiFirst Offerings Brochure | June 2017

Important Information for the Monthly Offerings

Investment Information

The investments set forth in the previous pages are intended for general indication only of the CitiFirst Investments offerings. The issuer reserves the right to terminate any offering prior to its pricing date or to close ticketing early on any offering.

SEC Registered (Public) Offerings

Each issuer, if applicable, has separately filed a registration statement (including a prospectus) with the Securities and Exchange Commission (the “SEC”) for the SEC registered offerings by that issuer, to which this communication relates. Before you invest in any of the registered offerings identified in this Offerings Brochure, you should read the prospectus in the applicable registration statement and the other documents the issuer and guarantor, if applicable, have filed with the SEC for more complete information about that issuer and offerings. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov.

For Registered Offerings Issued by: Citigroup Global Markets Holdings Inc. / JPMorgan Chase Financial Company LLC

Issuer’s Registration Statement Numbers: 333-216372 and 333-216372-01 (Citigroup Global Markets Holdings Inc.)

Issuer’s Registration Statement Numbers: 333-209682 and 333-209682-01 (JPMorgan Chase Financial Company LLC)

Issuer’s CIK on the SEC Website: 0000200245 (Citigroup Global Markets Holdings Inc.)

Issuer’s CIK on the SEC Website: 1665650 (JPMorgan Chase Financial Company LLC)

Alternatively, you can request a prospectus and any other documents related to the offerings, either in hard copy or electronic form, by calling toll-free 1-877-858-5407 or by calling your Financial Advisor.

The SEC registered securities described herein are not bank deposits but are senior, unsecured debt obligations of the issuer. The SEC registered securities are not insured or guaranteed by the Federal Deposit Insurance Corporation (“FDIC”) or any other governmental agency or instrumentality.

Market-Linked Certificates of Deposit

The Market-Linked Deposits (“MLDs”) are not SEC registered offerings and are not required to be so registered. For indicative terms and conditions on any MLD, please contact your Financial Advisor or call the toll-free number 1-800-831-9146.

CitiFirst Offerings Brochure | June 2017

Overview of Key Benefits

and Risks of CitiFirst Investments

Benefits

∎	Investors can access investments linked to a variety of underlying assets or indices, such as domestic and foreign indices, exchange-traded funds, commodities, foreign-exchange, interest rates, equities, or a combination thereof.

∎	Structured investments can offer unique risk/return profiles to match investment objectives, such as the amount of principal due at maturity, periodic income, and enhanced returns.

Risks

∎

The risks below are not intended to be an exhaustive list of the risks associated with a particular CitiFirst Structured Investment offering. Before you invest in any CitiFirst Structured Investment you should thoroughly review the particular investment’s offering document(s) and related material(s) for a comprehensive description of the risks and considerations associated with the particular investment.

∎	Potential for Loss

∎

The terms of certain investments provide that the full principal amount is due at maturity, subject to the applicable issuer’s credit risk. However, if an investor sells or redeems such investment prior to maturity, the investor may receive an amount less than his/her original investment.

∎

The terms of certain investments provide that the payment due at maturity could be significantly less than the full principal amount and, for certain investments, could be zero. In these cases, an investor may receive an amount significantly less than his/her original investment and may receive nothing at maturity of the investment.

∎	Appreciation May Be Limited – Depending on the investment, an investor’s appreciation may be limited by a maximum amount payable or by the extent to which the return reflects the performance of the underlying asset or index.

∎	Issuer Credit Risk – All payments on CitiFirst Structured Investments are dependent on the applicable issuer’s or guarantor’s ability to pay all amounts

due on these investments, including any principal due at maturity and therefore investors are subject to the credit risk of the applicable issuer.

∎

Secondary Market – There may be little or no secondary market for a particular investment. If the applicable offering document(s) so specifies, the issuer may apply to list an investment on a securities exchange, but it is not possible to predict whether any investment will meet the listing requirements of that particular exchange, or if listed, whether any secondary market will exist.

∎

Resale Value of a CitiFirst Structured Investment May be Lower than Your Initial Investment – Due to, among other things, the changes in the price of and dividend yield on the underlying asset, interest rates, the earnings performance of the issuer of the underlying asset, the applicable issuer of the CitiFirst Structured Investment’s perceived creditworthiness, the investment may trade, if at all, at prices below its initial issue price and an investor could receive substantially less than the amount of his/ her original investment upon any resale of the investment.

∎

Volatility of the Underlying Asset or Index – Depending on the investment, the amount you receive at maturity could depend on the price or value of the underlying asset or index during the term of the trade as well as where the price or value of the underlying asset or index is at maturity; thus, the volatility of the underlying asset or index, which is the term used to describe the size and frequency of market fluctuations in the price or value of the underlying asset or index, may result in an investor receiving an amount less than he/she would otherwise receive.

∎	Potential for Lower Comparable Yield – The effective yield on any investment may be less than that which would be payable on a conventional fixed-rate debt security of the same issuer with comparable maturity.

∎	Affiliate Research Reports and Commentary – Affiliates of the particular issuer may publish research reports or otherwise express opinions or provide recommendations from time to time regarding the underlying asset or index which may influence the price or value

of the underlying asset or index and, therefore, the value of the investment. Further, any research, opinion or recommendation expressed within such research reports may not be consistent with purchasing, holding or selling the investment.

∎

The United States Federal Income Tax Consequences of Structured Investments are Uncertain – No statutory, judicial or administrative authority directly addresses the characterization of structured investments for U.S. federal income tax purposes. The tax treatment of a structured investment may be very different than that of its underlying asset. As a result, significant aspects of the U.S. federal income tax consequences and treatment of an investment are not certain. The offering document(s) for each structured investment contains tax conclusions and discussions about the expected U.S. federal income tax consequences and treatment of the related structured investment. However, no ruling is being requested from the Internal Revenue Service with respect to any structured investment and no assurance can be given that the Internal Revenue Service will agree with the tax conclusions and treatment expressed within the offering document(s) of a particular structured investment. Citigroup Inc., its affiliates, and employees do not provide tax or legal advice. Investors should consult with their own professional advisor(s) on such matters before investing in any structured investment.

∎

Fees and Conflicts – The issuer of a structured investment and its affiliates may play a variety of roles in connection with the investment, including acting as calculation agent and hedging the issuer’s obligations under the investment. In performing these duties, the economic interests of the affiliates of the issuer may be adverse to the interest of the investor.

CitiFirst Offerings Brochure | June 2017

Additional Considerations

Please note that the information contained in this brochure is current as of the date indicated and is not intended to be a complete description of the terms, risks and benefits associated with any particular structured investment. Therefore, all of the information set forth herein is qualified in its entirety by the more detailed information provided in the offering documents(s) and related material for the respective structured investment.

The structured investments discussed within this brochure are not suitable for all investors. Prospective investors should evaluate their financial objectives and tolerance for risk prior to investing in any structured investment.

Tax Disclosure

Citigroup Inc., its affiliates and employees do not provide tax or legal advice. To the extent that this brochure or any offering document(s) concerns tax matters, it is not intended to be used and cannot be used by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Any such taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor.

ERISA and IRA Purchase Considerations

Employee benefit plans subject to ERISA, entities the assets of which are deemed to constitute the assets of such plans, governmental or other plans subject to laws substantially similar to ERISA and retirement accounts (including Keogh, SEP and SIMPLE plans, individual retirement accounts and individual retirement annuities) are permitted to purchase structured investments as long as either (A) (1) no Citigroup affiliate or employee is a fiduciary to such plan or retirement account that has or exercises any discretionary authority or control with respect to the assets of such plan or retirement account used to purchase the structured investments or renders investment advice with respect to those assets, and (2) such plan or retirement account is paying no more than adequate consideration for the structured investments or (B) its acquisition and holding of the structured in is not prohibited by any such provisions or laws or is exempt from any such prohibition.

However, individual retirement accounts, individual retirement annuities and Keogh plans, as well as employee benefit plans that permit participants to direct the investment of their accounts, will not be permitted to purchase or hold the structured investments if the account, plan or annuity is for the

benefit of an employee of Citigroup or a family member and the employee receives any compensation (such as, for example, an addition to bonus) based on the purchase of structured investments by the account, plan or annuity. You should refer to the section “ERISA Matters” in the applicable offering document(s) for more information.

Distribution Limitations and Considerations

This document may not be distributed in any jurisdiction where it is unlawful to do so. The investments described in this document may not be marketed, or sold or be available for offer or sale in any jurisdiction outside of the U.S., unless permitted under applicable law and in accordance with the offering documents and related materials. In particular:

WARNING TO INVESTORS IN HONG KONG ONLY: The contents of this document have not been reviewed by any regulatory authority in Hong Kong. Investors are advised to exercise caution in relation to the offer. If Investors are in any doubt about any of the contents of this document, they should obtain independent professional advice.

This offer is not being made in Hong Kong, by means of any document, other than (1) to persons whose ordinary business it is to buy or sell shares or debentures (whether as principal or agent); (2) to “professional investors” within the meaning of the Securities and Futures Ordinance (Cap. 571) of Hong Kong (the “SFO”) and any rules made under the SFO; or (3) in other circumstances which do not result in the document being a “prospectus” as defined in the Companies Ordinance (Cap. 32) of Hong Kong (the “CO”) or which do not constitute an offer to the public within the meaning of the CO.

There is no advertisement, invitation or document relating to structured investments, which is directed at, or the contents of which are likely to be accessed or read by, the public in Hong Kong (except if permitted to do so under the laws of Hong Kong) other than with respect to structured investments which are or are intended to be disposed of only to persons outside Hong Kong or only to the persons or in the circumstances described in the preceding paragraph.

WARNING TO INVESTORS IN SINGAPORE ONLY: This document has not been registered as a prospectus with the Monetary Authority of Singapore under the Securities and Futures Act, Chapter 289 of the Singapore Statutes (the Securities and Futures Act). Accordingly, neither this document nor any other document or material in connection with the offer or sale, or invitation for subscription or purchase, of

the structured investments may be circulated or distributed, nor may the structured investments be offered or sold, or be made the subject of an invitation for subscription or purchase, whether directly or indirectly, to the public or any member of the public in Singapore other than in circumstances where the registration of a prospectus is not required and thus only (1) to an institutional investor or other person falling within section 274 of the Securities and Futures Act, (2) to a relevant person (as defined in section 275 of the Securities and Futures Act) or to any person pursuant to section 275(1A) of the Securities and Futures Act and in accordance with the conditions specified in section 275 of that Act, or (3) pursuant to, and in accordance with the conditions of, any other applicable provision of the Securities and Futures Act. No person receiving a copy of this document may treat the same as constituting any invitation to him/her, unless in the relevant territory such an invitation could be lawfully made to him/ her without compliance with any registration or other legal requirements or where such registration or other legal requirements have been complied with. Each of the following relevant persons specified in Section 275 of the Securities and Futures Act who has subscribed for or purchased structured investments, namely a person who is:

(a) a corporation (which is not an accredited investor) the sole business of which is to hold investments and the entire share capital of which is owned by one or more individuals, each of whom is an accredited investor, or

(b) a trust (other than a trust the trustee of which is an accredited investor) whose sole purpose is to hold investments and of which each beneficiary is an individual who is an accredited investor, should note that securities of that corporation or the beneficiaries’ rights and interest in that trust may not be transferred for 6 months after that corporation or that trust has acquired the structured investments under Section 275 of the Securities and Futures Act pursuant to an offer made in reliance on an exemption under Section 275 of the Securities and Futures Act unless:

(i) the transfer is made only to institutional investors, or relevant persons as defined in Section 275(2) of that Act, or arises from an offer referred to in Section 275(1A) of that Act (in the case of a corporation) or in accordance with Section 276(4)(i)(B) of that Act (in the case of a trust);

(ii) no consideration is or will be given for the transfer; or

(iii) the transfer is by operation of law.

LOGO

To discuss CitiFirst investment ideas and strategies, Financial Advisors, Private Bankers and other distribution partners may call our sales team. Private Investors should call their financial advisor or private banker.

Client service number for Financial Advisors and Distribution Partners in the Americas:

+1 (212) 723-7288

For more information, please go to www.citifirst.com

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Citi Personal Wealth Management is a business of Citigroup Inc., which offers investment products through Citigroup Inc., member SIPC. Citibank, N.A. is an affiliated company under control of Citigroup Inc.