International financial adviser De Vere & Partners is marketing two Citi structured products to its clients.
Citi Autocallable Note 12.50% and Citi High Income Note 13.00% are five-year notes linked to the FTSE100 and S&P500, and are issued via Citigroup Funding Inc.
The autocallable, which is available in dollars and sterling, offers potential early maturities paying 12.50% pa, provided the indices have not fallen by more than 50% from present levels on a European barrier basis. Meanwhile, the income note, a structure that Citi is calling the auto-exchangeable, is denominated in euros and pays 13% coupons pa and has a continuous barrier soft protection element of 50%.
Last month, De Vere announced an exclusive distribution alliance with Citi for bespoke investments.
"These structures constitute Citi's first real participation in the offshore adviser market, and we are very excited about these product offerings. These products offer competitive potential growth for investors seeking exposure to familiar indices," said Emma Davidson, head of retail structured products sales, UK and Ireland, at Citi.
De Vere also recently signed a partnership with Nomura to sell its structured investments and has a long-standing agreement with Deutsche Bank.
The autocallable is available until 14 August while the income note is open until 12 August.
These products appear in Recent Additions (Offshore, Private Banking).