Securities investments are not bank deposits and involve risks, including the possible loss of the principal amount invested. Past performance does not guarantee future results.

• The price of securities can and does fluctuate, sometimes dramatically, and that any individual security may experience upward or downward movements, and may even become valueless. Therefore it is as likely that losses will be incurred rather than profit made as a result of buying and selling securities. This is the risk that customers should be prepared to accept.

• Investors investing in securities denominated in non-local currency should be aware of the risk of exchange rate fluctuations that may cause a loss of principal.

• Customers will take complete responsibility for any losses resulting from your trading strategy.

• You may be charged a transaction fee and/or service fee when you redeem these securities. Investors investing in securities denominated in non-local currency should be aware of the risk of exchange rate fluctuations that may cause a loss of principal. Exchange controls may be applicable from time to time to certain foreign currencies. You should therefore determine whether any foreign currency investment is suitable for you in the light of your investment objectives, your financial means and your risk profile. Brokerage account is not available to U.S. Persons.

* The above is only a summary of some of the key risks in investing in the product. Detailed risk disclosures are set out in the documentation relating to the specific product. Prior to entering into a transaction, you should ensure that you have read and understood the nature of all of the risks associated with the investment in order to determine whether the investment is suitable for you in light of your experience, objectives, financial position and other relevant circumstances. You should consult with your legal, regulatory, tax, financial and/or accounting advisors to the extent you consider it necessary in making your own investment decision. In the event that you choose not to seek advice from a financial advisor, you should carefully consider whether this product is suitable for you in light of your investment objectives, financial means and risk profile.

A Premium Account is unlike a traditional bank account as it is an investment and returns may vary. Premium Accounts are subject to a number of risks:

• Risk of being converted to the alternate financial instrument. If you convert your alternate financial instrument back to the base financial instrument, you may have potential losses.

• Should the market move against you, you must be prepared to buy your alternate financial instrument at the agreed Strike Price, which would be less favorable than the prevailing exchange rate at the maturity of your Premium Account.

• There may be from time to time for certain financial instruments, controls that governments put in place to ban or restrict the amount of foreign financial instruments or domestic financial instruments that is allowed to be traded or purchased. Common types of exchange controls include banning the use of foreign financial instruments and restricting the amount of domestic financial instruments that can be exchanged within the country.

• The Bank may, at any time at its discretion, terminate the Premium Account. This may happen, for example, if restrictions on convertibility and transferability become applicable to any of the financial instruments in your financial instrument pair. In such cases, payment to you will be made in the alternate financial instrument in your financial instrument pair or another financial instrument chosen by the Bank. You may incur a loss on the principal amount invested in such cases.

• Pre-termination of the Premium Account is strongly discouraged and may incur substantial costs.

• Early withdrawal of the whole of a Premium Account is permitted but strongly discouraged, because you will have to pay early termination charges and these charges will be deducted from the amount repaid under the Premium Account.

• Some of the factors used in calculating such charges include the exchange rate for the financial instrument pair, the prevailing interest rate and the remaining term of the Premium Account. As a result, the amount repaid to you may be less than the principal amount invested.

* The above is only a summary of some of the key risks in investing in the product. Detailed risk disclosures are set out in the documentation relating to the specific product. Prior to entering into a transaction, you should ensure that you have read and understood the nature of all of the risks associated with the investment in order to determine whether the investment is suitable for you in light of your experience, objectives, financial position and other relevant circumstances. You should consult with your legal, regulatory, tax, financial and/or accounting advisors to the extent you consider it necessary in making your own investment decision.

• Investments in gold are subject to price fluctuations which may provide both opportunities and risks. There is no yield or interest generated and a loss may be incurred due to fluctuations in its price.

• Physical delivery of gold, or physical deposit or withdrawal and wire transfer of gold to and from the Gold Account is not permitted. You should therefore determine whether any gold investment is suitable for you in the light of your investment objectives, your financial means and your risk profile.

• Investments in gold are not insured products and are not eligible for deposit insurance coverage under the Deposit Insurance Scheme.

• Gold investments are in Loco London Gold, where all transactions will be made subject to the rules of the Loco London Gold market. Gold here is defined as Loco-London Gold having a fineness of at least 0.995, which shall be valued in U.S. dollars per troy ounce.

• The value of the Gold Account is dependent on the market price of gold. Gold Account is designed to give customers an investment opportunity in the gold market where customers can enjoy capital gain when the price of gold appreciates.

• Gold Account is non-interest bearing.

* The above is only a summary of some of the key risks in investing in the product. Detailed risk disclosures are set out in the documentation relating to the specific product. Prior to entering into a transaction, you should ensure that you have read and understood the nature of all of the risks associated with the investment in order to determine whether the investment is suitable for you in light of your experience, objectives, financial position and other relevant circumstances. You should consult with your legal, regulatory, tax, financial and/or accounting advisors to the extent you consider it necessary in making your own investment decision.

As with any other investment, there are risks associated with your investment in a Citibank Equity-Linked Account. Structured product transactions are complex and an investment in a structured product may involve a high risk of loss of the investor's initial investment. Unlike bank deposits, Citibank Equity-Linked Accounts are subject to investment risks and potential returns may vary, depending on the Closing Price of the Underlying Share on the Expiry Date (the date on which the closing price of the Underlying Share is compared to the Strike Price to determine the outcome of the Equity-Linked Account).

• Equity-Linked Account is an investment product that should be held to maturity. Early withdrawal of a part of Equity-Linked Account is not permitted. Early withdrawal of the whole of Equity-Linked Account is only allowed with the consent of Citibank. If the Equity-Linked Account is terminated before maturity, early termination charges will be deducted from the amount repaid under the Equity-Linked Account, hence resulting in a loss of the principal.

• There is no assurance that the potential return of the Equity-Linked Account at maturity will be more than the amount initially invested. Depending on the circumstances, the return on the Equity-Linked Account may be less than returns on a direct investment in the Underlying Share or a regular bank deposit and may even be negative.

• Where liabilities in one currency are matched by an asset in a different currency, or where the transaction references more than one currency, or where assets are denominated in a currency other than an investor’s reference currency, movements of exchange rates may have a separate effect, both unfavorable and favorable, on any gain or loss otherwise experienced.

• Investments in ELAs that are not denominated in an investor’s base or home currency (i.e. the currency that the investor ordinarily transacts in, are subject to the risk of exchange rate fluctuations that may cause a loss of the Principal Amount if the Principal Amount is converted back to the investor’s base or home currency).

• A general condition of an Equity-Linked Account is that Citibank may, at its discretion, redeem or terminate the Equity-Linked Account prior to maturity by mailing investors a draft payable to the investor for the principal and pro-rated interest. There may be other conditions that affect the value of the Equity-Linked Account and investors should refer to the Equity-Linked Account Agreement and Risk Disclosure Statement for further details.

• There may be adjustments to the terms of the Equity-Linked Account upon the occurrence of certain events such as market disruption, mergers, nationalisation, insolvency and changes in taxation law.

• Borrowing to fund the establishment of the Equity-Linked Account (leveraging) can have a significant negative impact on the value of and return on the investment. All hypothetical examples given by the bank of the potential performance of the Equity-Linked Account do not take into account the effect of any leveraging. Investors considering leveraging should obtain advice on applicable risks from the leverage provider and/or their financial advisor(s).

• Investors should be prepared to hold their ELAs until maturity as investors may not be able to liquidate or sell some or all of the ELAs as and when they require or at an amount equal to or more than the amount of capital invested. There is currently no active or liquid secondary trading market for these ELAs and they are not traded on any regulated markets or listed on any exchange. There can be no assurance that any investor will be able to obtain a firm bid price for the ELAs for an amount at which they wish to sell.

• Investors should expect a rapid decrease in mark to market prices especially after a large coupon payment is made. Purchase of the ELAs should be viewed as a short-term “hold until maturity” investment. Investors are strongly discouraged from using this investment for trading opportunities.

• In the event that the Issuer or counterparty or any agent of them fails to settle the ELA, the investment amount paid by the investor will be credited to the investor's Citibank Singapore Limited account, without liability to the Bank, Citibank, N.A. or any of its affiliates for any interest or for further payment to the investor.

• Investors should be aware that upon placing an order for the investment to the ELA, the investor's account may be debited the investment amount (and any applicable fees and charges, as specified) and the date of debiting of funds may be on a date that is earlier than the applicable settlement date. With respect to interest/coupon payments, at early redemption or maturity, funds accruing to the investor may be credited to the investor's account on a date subsequent to any stated interest/coupon payment date, early redemption or maturity date. By agreeing to invest in the ELA, investors acknowledge that neither Bank nor Citibank, N.A. or any of its affiliates will be liable to the investor for any interest or compensation otherwise for such authorized debits from the investor's account, or any delayed payment or credit to the investor’s account.

• At maturity of an ELA in the case when the Bank delivers the Underlying Share, the Underlying Share will be delivered to the investor only after actual receipt and processing by the Bank or any of its nominees or agents, of all necessary documents or securities, as the case may be. This may result in delivery to the investor on a date subsequent to the maturity date specified and neither the Bank nor Citibank N.A. or any of its affiliates will be under any liability to the investor resulting from the delay (including, without imitation, any drop in the market value of the Underlying Share pending delivery).

• The Bank also has the discretion to pay the investor cash instead of delivering the Underlying Share. The amount of cash payable will be computed based on the closing price of the Underlying Share on the Expiry Date multiplied by the quantity of the Underlying Share to be delivered as stated in this advice. In such a case, the investor will suffer an immediate loss on the Principal Amount.

* The above is only a summary of some of the key risks in investing in the product. Detailed risk disclosures are set out in the documentation relating to the specific product. Prior to entering into a transaction, you should ensure that you have read and understood the nature of all of the risks associated with the investment in order to determine whether the investment is suitable for you in light of your experience, objectives, financial position and other relevant circumstances. You should consult with your legal, regulatory, tax, financial and/or accounting advisors to the extent you consider it necessary in making your own investment decision.

• Returns are not guaranteed and costs will still be incurred even if the fund performs poorly.

• By investing in an Investment Fund, you give up control over the choice of individual bonds, shares and other assets that go into the fund, as the fund manager will make these decisions for you.

• The total cost of sales charge and expenses can be higher than investing in individual securities. Investors should be cautious with funds that charge high fees as they can potentially reduce the investment returns.

• The major source of risk and volatility with Investment Funds comes from the underlying assets held by the fund.

• Investment Funds are relatively liquid with most funds allowing access to funds within a reasonable short time frame. In times of severe economic downturns, however, funds can reduce this liquidity, and potentially even freeze all redemptions for a period of time, so as to protect the holdings of the fund and not disadvantage investors who want to stay in the fund.

• The performance of the fund may be affected by the skill or reputation of the fund manager. This may give rise to ""key person risks"" should the particular fund manager leave the organization.

• Investors investing in Investment Funds denominated in non-local currency should be aware of the risk of exchange rate fluctuations that may cause a loss of principal when the foreign currency is converted back to the investors’ home currency.

Risk is an inherent aspect of every form of investment. Investors should be advised that past performance is not indicative of future results and be prepared for fluctuations in the market price of their Investment Funds, including the possible loss of the principal amount invested.

* The above is only a summary of some of the key risks in investing in the product. Detailed risk disclosures are set out in the documentation relating to the specific product. Prior to entering into a transaction, you should ensure that you have read and understood the nature of all of the risks associated with the investment in order to determine whether the investment is suitable for you in light of your experience, objectives, financial position and other relevant circumstances. You should consult with your legal, regulatory, tax, financial and/or accounting advisors to the extent you consider it necessary in making your own investment decision.

As with any investment, bonds also carry risk. Comparing deposits, high credit quality bonds and stocks, deposits rank the safest followed by high credit quality bonds.

• Market risk is the risk of bond prices fluctuating as a result of changes in interest rates and inflation outlook. Generally, when interest rates are on the rise with inflationary outlook, bond prices will fall. Moreover, the longer the maturity, the more sensitive the bond price is to these macro-economic changes.

• Investors assume the credit risk of the issuer. This product is not a bank deposit, is not government insured, is not an obligation of nor is it guaranteed by Citibank Singapore Limited/Citigroup Inc. or their affiliates (unless expressly stated in the relevant product documentation).

• During adverse market conditions, holders of a bond may not be able to liquidate all or part of their securities as and when they require. In addition, certain bonds may not be marketable and as such, cannot be liquidated before maturity. Investors should expect a rapid decrease in mark to market prices especially after a large coupon is paid. In the event the investor wishes to liquidate his bond before maturity, he/she will have to sell at the current available market price, which may result in a loss of principal. However, there can be no assurance that the investor will be able to obtain a firm bid price for the bond for an amount at which he/she wishes to sell.

• The investor assumes all settlement risks relating to failing to settle the bond on the relevant settlement date. In the event the issuer or counterparty fails to settle the bond, Citibank will return the money to the investor without interest. At maturity, funds will be passed on to the investor only after receipt of good funds by Citibank Singapore Limited from the issuer or counterparty. This may result in payment to the holders of this product on a date subsequent to the stated maturity date.

• Payment of bonds may be affected by the economics and political events in the country of the relevant issuer. The occurrence of a sovereign risk event could result in the loss of all or a portion of the principal invested should, as a result of any economic or political circumstances, payment may be made in the local currency of the country, of the relevant issuer instead of the original invested currency.

• Investors investing in bonds denominated in non-local currency should be aware of the risk of exchange rate fluctuations that may result in the receipt of reduced sums and/or a loss of principal when converted to the investor's local currency.

* The above is only a summary of some of the key risks in investing in the product. Detailed risk disclosures are set out in the documentation relating to the specific product. Prior to entering into a transaction, you should ensure that you have read and understood the nature of all of the risks associated with the investment in order to determine whether the investment is suitable for you in light of your experience, objectives, financial position and other relevant circumstances. You should consult with your legal, regulatory, tax, financial and/or accounting advisors to the extent you consider it necessary in making your own investment decision.

• Returns are not guaranteed and costs will still be incurred even if the fund performs poorly.

• By investing in an Investment Fund, you give up control over the choice of individual bonds, shares and other assets that go into the fund, as the fund manager will make these decisions for you.

• The total cost of sales charge and expenses can be higher than investing in individual securities. Investors should be cautious with funds that charge high fees as they can potentially reduce the investment returns.

• The major source of risk and volatility with Investment Funds comes from the underlying assets held by the fund.

• Investment Funds are relatively liquid with most funds allowing access to funds within a reasonable short time frame. In times of severe economic downturns, however, funds can reduce this liquidity, and potentially even freeze all redemptions for a period of time, so as to protect the holdings of the fund and not disadvantage investors who want to stay in the fund.

• The performance of the fund may be affected by the skill or reputation of the fund manager. This may give rise to ""key person risks"" should the particular fund manager leave the organization.

• Investors investing in Investment Funds denominated in non-local currency should be aware of the risk of exchange rate fluctuations that may cause a loss of principal when the foreign currency is converted back to the investors’ home currency.

Risk is an inherent aspect of every form of investment. Investors should be advised that past performance is not indicative of future results and be prepared for fluctuations in the market price of their Investment Funds, including the possible loss of the principal amount invested.

* The above is only a summary of some of the key risks in investing in the product. Detailed risk disclosures are set out in the documentation relating to the specific product. Prior to entering into a transaction, you should ensure that you have read and understood the nature of all of the risks associated with the investment in order to determine whether the investment is suitable for you in light of your experience, objectives, financial position and other relevant circumstances. You should consult with your legal, regulatory, tax, financial and/or accounting advisors to the extent you consider it necessary in making your own investment decision.

Structured product transactions are complex and may involve a high risk of loss. Prior to entering into a transaction, you should consult with your own legal, regulatory, tax, financial and accounting advisors to the extent you consider it necessary, and make your own investment, hedging and trading decisions (including decisions regarding the suitability of the transaction) based upon your own judgment and advice from those advisers you consider necessary.

• The past performance of securities or other instruments does not guarantee or predict future performance.

• Any repayment of principal at maturity and/or interest payment obligation provided in respect of a structured note is made by the issuer and is subject to various conditions and risks including, but not limited to, issuer risk and credit risk.

• Structured notes can be volatile instruments and may be subject to considerable fluctuations in value and other risks inherent in investing in securities and/or derivatives. The price of the structured note might fluctuate with changes in interest rates, inflation expectations or the movement in price or valuation of the underlying asset.

• Potential return on the notes may be less than returns on a bank deposit or a non-structured fixed coupon bond or a direct investment in the underlying assets, or other investments. There can be no assurance that the notes will return at maturity more than the amount initially invested. Moreover, regardless of the amount to be paid at maturity pursuant to the terms of the notes, you may lose part or all of the initially invested amount.

• The structured note is subject to the credit risk of the issuer. In the case of insolvency of the issuer (and/or Guarantor, if applicable) of the note, the claims of the holder of the structured note will rank the same as general unsecured creditors except where specifically provided otherwise.

• Holders of the note may not be able to liquidate their holdings in the structured notes as and when they require or at an amount equal to or more than the amount originally invested as there can be no assurance of an active or liquid secondary market for the notes. Investors are strongly discouraged from using structured notes for trading opportunities.

* The above is only a summary of some of the key risks in investing in the product. Detailed risk disclosures are set out in the documentation relating to the specific product. Prior to entering into a transaction, you should ensure that you have read and understood the nature of all of the risks associated with the investment in order to determine whether the investment is suitable for you in light of your experience, objectives, financial position and other relevant circumstances. You should consult with your legal, regulatory, tax, financial and/or accounting advisors to the extent you consider it necessary in making your own investment decision.

This proposal is not an offer to sell nor a solicitation of an offer to enter into a transaction. The terms set forth herein are intended for discussion purposes only and are subject to the final expression of the terms of the transaction in the applicable agreements and/or confirmation. Further, while some of the information provided may have been obtained from various published and unpublished sources considered to be reliable, neither Citibank Singapore Limited, Citibank N.A., Citigroup Inc. nor any of their affiliates guarantees its accuracy or completeness or accepts liability for any direct, indirect or consequential losses arising from its use.

The risk of loss in leveraged trading may be substantial. You may sustain loss in excess of your initial margin funds. Placing contingent orders, such as "stop loss" or "stop limit" orders will not necessarily limit losses to the intended amounts. Market conditions may make it impossible to execute such orders and you may be called upon at short notice to deposit additional funds. If the required funds are not provided within the prescribed time, your position may be liquidated. You shall remain liable for any resulting deficit in your account. While the bank may attempt to contact you in the event of a margin call, if the value of the collateral in your account drops below the Bank’s force sell requirements the bank is not required to contact you and can liquidate your trading positions or other assets from your account without contacting you. Prior to entering into any proposed transaction, you should determine, without reliance upon Citibank Singapore Limited, Citibank, N.A. or its affiliates, the economic risks and merits, as well as the legal, tax and accounting characterizations and consequences, of the transaction and that you are able to assume these risks.

You should therefore carefully consider whether such trading is suitable in the light of your investment objectives, your financial means and your risk profile. Leveraged trading products are not insured by the Federal Deposit Insurance Corporation. Investment products including leveraged trading products are not available to U.S. persons and may not be available in all jurisdictions. This document and its contents are proprietary information and products of Citibank Singapore Limited and may not be reproduced or otherwise disseminated in whole or in part without Citibank's written consent.

Deposit Insurance Scheme - Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

Citibank full disclaimers, terms and conditions apply to individual products and banking services.