Citibank launches attractive income generating products

The first investment option is a 5-year USD denominated 100% capital protected at maturity note linked to 6-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 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 & 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, 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.