Meteor FTSE/STOXX Super Step Down Kick Out Plan – July 2022

Meteor Structured Product Logo

The Meteor FTSE/STOXX Super Step Down Kick Out Plan is a maximum seven year three week investment offering a potential gross investment return of 7.65% for each year the plan runs.

The capital and investment return are linked to the performance of the FTSE 100 Index and EURO STOXX 50 Index (each an ‘Index’, collectively the ‘Indices’)

You will lose money if the Final Level of the lower performing Index is below 65% of its  Opening Level. The amount of your money that you would lose will be the percentage by which the Final Level of that Index is below its Opening Level. In extreme circumstances you could lose all of your money. If the Final Level of the lower performing Index is at least equal to 65% of its Opening Level you will get back the  amount you invested.

If the Closing Levels of both Indices on any Measurement Date before the Final  Measurement Date are at least equal to their respective Reference Levels, the Plan will kick out, i.e. mature early, and make a gross investment return of 7.65% of the money you invest for each year that the Plan has been in force. The first Measurement Date will be one year after the Start Date.

If the Plan has not matured early, and the Closing Levels of both Indices on the Final  Measurement Date (the ‘Final Levels’) are at least equal to their respective Reference  Levels, the Plan will provide an investment return at the Maturity Date equal to 53.55% of the money you invested. If the Final Level of one or both Indices is below its Reference Level, no investment return will be payable at the Maturity Date.

The Securities purchased will be Global Medium Term Notes issued by Citigroup Global Markets Funding Luxembourg S.C.A., and guaranteed by Citigroup Global Markets Limited. These Securities can be viewed in a similar way to a loan to the Issuer and are linked to the performance of Preference Shares issued by Citigroup Global Markets Funding Luxembourg S.C.A, which are in turn linked to the performance of the Indices.

It is Meteors and our understanding that any investment return from this Plan will be subject to Capital Gains Tax.

Other Key Information

English law governed notes

Citigroup Global Markets Limited (http://www.citigroup.com/). The product issuer is  Citigroup Global Markets Funding Luxembourg S.C.A. with a guarantee by Citigroup  Global Markets Limited.

The product is designed to provide a return in the form of a cash payment on the  maturity date in an amount that depends on whether the worst performing underlying  satisfies the barrier conditions specified below. The product has a fixed term and will  terminate on the maturity date, unless terminated early.

Early termination following an autocall: The product will terminate prior to the  maturity date if, on any autocall observation date, the reference level of the worst  performing underlying is at or above the relevant autocall barrier level. On any such  early termination, you will on the immediately following autocall payment date receive  a cash payment equal to the applicable autocall payment. The relevant dates, autocall  barrier levels and autocall payments are shown in the table(s) on the key information document.

Termination on the maturity date: If the product has not terminated early, on the  maturity date you will receive:

1. if the final reference level of the worst performing underlying is at or above 65.00%  of its initial reference level, a cash payment equal to GBP 1.5355;

2. otherwise, if the final reference level of the worst performing underlying is below  65.00% of its initial reference level, a cash payment equal to (i) the product notional  amount multiplied by (ii) (A) the final reference level of the worst performing underlying divided by (B) its initial reference level.

Investors should note that the payments described above are based on the expected  value of the preference shares. Therefore any return you may receive on the product  depends directly on the value of the preference shares. As such, your return is only  indirectly dependent on the underlyings.

Under the product terms, certain dates specified above and below will be adjusted if  the respective date is either not a business day or not a trading day (as applicable). Any adjustments may affect the return, if any, you receive.

The product terms also provide that if certain exceptional events occur (1) adjustments may be made to the product and/or (2) the product issuer may terminate the product,  as applicable, early. These events are specified in the product terms and principally  relate to the product and the product issuer. The preference shares in turn contain  provisions allowing the preference shares to be adjusted or terminated early in the  case of certain exceptional events, in particular relating to the underlyings. Any such  adjustments or early termination are likely to affect the amount and timing of return you receive under the product, meaning the return (if any) that you receive on such early  termination is likely to be different from the scenarios described above and may be  less than the amount you invested.

The product is intended to be offered to retail investors who fulfil all of the criteria below:

1. they have the ability to make an informed investment decision through sufficient  knowledge and understanding of the product and its specific risks and rewards, either  independently or through professional advice, and they may have experience of  investing in and/or holding a number of similar products providing a similar market  exposure;

2. they seek income and/or capital growth, expect the movement in the underlyings to  perform in a way that generates a favourable return, have an investment horizon of the recommended holding period specified below and understand that the product may  terminate early;

3. they accept the risk that the issuer or guarantor could fail to pay or perform its  obligations under the product and they are able to bear a total loss of their investment;  and

4. they are willing to accept a level of risk to achieve potential returns that is consistent with the summary risk indicator shown below. The product is not intended to be offered to retail clients who do not fulfil these criteria.

To gain a full understanding of this Plan it is important that you read the brochure carefully, including the product risks and terms and conditions. If you are unsure about any aspect of this investment product, please seek financial advice to ensure the Plan suits your requirements and overall investment planning.

Moneyworld does not offer investment advice. The information in this brochure does not constitute tax, legal or investment advice. Please read our terms of business before investing

How do I invest?

Print and complete our Appropriateness Assessment Form

Print and complete the relevant application form, these forms can be found below.

Post all documents to:  Moneyworld, 34 High Street, High Wycombe, Bucks,
HP11 2AG

Application Fee

Our fee is just 0.5%. This can be deducted from the investment or paid by enclosing a cheque to Moneyworld.

Important Plan Dates

Closing Date: 12 July 2022

ISA Transfer closing date: 28 June 2022

Important Documents

> Plan Brochure – FTSE/STOXX Super Step Down Kick Out Plan – July 2022

> Key Information Document

> Order brochure by post

Structured Product Order Form

  • This will help us send the correct application form.
  • This field is for validation purposes and should be left unchanged.

Subscribe to Product Updates

  • This field is for validation purposes and should be left unchanged.

The information provided when subscribing will only be used to provide Structured Product updates. Please view our privacy policy for more information.

Is the Meteor FTSE/STOXX Super Step Down Kick Out Plan right for me?

A typical investor who invests in this Plan will:

Be either an Informed or Advanced Investor, with appropriate knowledge and  experience of equity-based investments;

Like investments that provide known returns based on pre-determined market  outcomes;

Want the potential to secure an investment return above that available from a  deposit-based investment and acknowledge and accept the level of risk, identified by  the Summary Risk Indicator set out in the Key Information Document (KID);

Be willing and able to tie up their money for the term of the Plan for the objective of capital growth;

Accept that they could lose money and be able to afford to do so;

Understand that in the event of a loss that this loss would be at least 35% of the  money they put into the Plan, and could be considerably more, and in extreme circumstances they could lose all of their money;

Understand that any investment return is dependent on the performance of the Indices, which is calculated on set dates, and accept they might not get any  investment return at all;

Know that the levels of the Indices can fall but do not expect the fall to be more than 35% of their Opening Levels at the Final Measurement Date;

Appreciate the importance of having a spread of investments to reduce concentration risk;

Know and accept that inflation reduces the real value of money and what it can buy;

Understand that equity markets are affected by economic and political events nationally and globally;

Accept that if the Counterparty defaults they could lose all their money and any investment return and that they would not have any recourse to the FSCS.

An investor will not meet the target market criteria if:

They do not understand how this investment works;

They are unable, or unwilling, to accept the risks associated with this Plan, including the loss of their money;

The Plan does not meet their investment objectives