Index Disclaimer

The information (the "Content") contained in the pages of this website (the "Website") is provided by Citigroup Global Markets Limited ("CGML"). In the United Kingdom, CGML is authorised by the Prudential Regulation Authority (the "PRA") and regulated by the PRA and the Financial Conduct Authority (together, the "UK Regulator"). Access to the Content is made available to persons on the basis of the self-certification made by such persons upon accessing this Website. By accessing or otherwise using the Website, you agree to be bound by the Terms of Use and the terms of this Index Disclaimer.

Information Only / Not an Offer or a Recommendation

The information contained in the Content of the Website is provided solely for information purposes with respect to the indices discussed in the Website (each an "Index") and nothing in the Website constitutes (a) a recommendation, an offer or a solicitation to deal in any financial product, enter into any transaction or adopt any investment strategy or (b) legal, tax, regulatory, financial or accounting advice. If you are in any doubt about the Content of the Website, you should obtain independent professional advice.

No Representations or Warranties

Neither CGML (the "Index Sponsor" and which may also referred to as the "Index Administrator" in the Content), the entity named as acting as calculation agent for any Index (each an "Index Calculation Agent"), any other member of Citi nor any of their respective directors, officers, employees, representatives, delegates or agents (together with the Index Sponsor, each Index Calculation Agent and each member of Citi, each a "Relevant Person") makes any express or implied representations or warranties as to (i) the advisability of purchasing or entering into any financial product the performance of which is linked, in whole or in part, to any Index (an "Index Linked Product"), (ii) the levels of any Index at any particular time on any particular date, (iii) the results to be obtained by the issuer of, counterparty to or any investor in any Index Linked Product or any other person or entity, from the use of any Index or any data included therein for any purpose, (iv) the merchantability or fitness for a particular purpose of any Index, or (v) any other matter.

Index Conditions and Risk Factors

Each Index is described in full in the applicable Index Conditions which are available on this Website or upon request from the Index Sponsor. This Website also contains a description of each Index and related risk factors as well as summary information about each Index. You should carefully consider the information on this website concerning an Index before investing in any Index Linked Product (in addition to the information contained in the associated prospectus, offering or other legal document relating to the relevant Index Linked Product).

No Index is in any way sponsored, endorsed or promoted by the issuer or sponsor, as applicable, of any of its constituents.

The Content (including without limitation text, graphics, links, models, financial information or other items) is provided on an "as is" and "as available" basis. Each Relevant Person makes no representations or warranties with respect to the Content and, to the fullest extent permitted by applicable law, expressly disclaims any implied, express or statutory representations and warranties of any kind with respect thereto, including but not limited to, warranties as to accuracy, adequacy, timeliness, availability, currentness, reliability, completeness, non-infringement of third party rights, title, merchantability, fitness for a particular purpose and freedom from computer virus.

Limitation of Liability

Each Relevant Person hereby expressly disclaims, to the fullest extent permitted by applicable law, all warranties of accuracy, completeness, merchantability or fitness for a particular purpose with respect to any Index. No Relevant Person shall have any liability (direct or indirect, special, punitive, consequential or otherwise) to any person even if notified of the possibility of damages, provided that this exclusion of liability shall not exclude or limit liability under any law or regulation which may not be excluded or restricted.

Neither the Index Sponsor nor any Index Calculation Agent is under any obligation to continue the calculation, publication and dissemination of any Index nor shall they have any liability for any errors, omissions, interruptions or delays relating to any Index.

No Agency or Fiduciary Relationship

The Index Sponsor and each Index Calculation Agent shall each act as principal and not as agent or fiduciary of any other person.

Potential Conflicts of Interest

During the normal course of its business, any Relevant Person may enter into or promote, offer or sell transactions or investments (structured or otherwise) linked to any Index and/or any of its constituents. In addition, any Relevant Person may have, or may have had, long or short principal positions and/or actively trade, by making markets to its clients, positions in or relating to any Index or any of its constituents, or may invest or engage in transactions with other persons, or on behalf of such persons relating to any of these items. Relevant Persons may also undertake hedging transactions related to the initiation or termination of financial products or transactions, which may adversely affect the market price, rate or other market factor(s) underlying any constituents or any Index. Relevant Persons may have an investment banking or other commercial relationship with and access to information from the issuer(s) of constituents. Such activity may or may not have an impact on the level of any Index but potential investors and counterparties should be aware that a conflict of interest could arise where anyone is acting in more than one capacity, and such conflict may have an impact (either positive or negative) on the level of any Index.

Notional Exposures

Each Index reflects the performance of notional investment positions in its constituents. There is no actual portfolio of assets to which any person is entitled or in which any person has any ownership interest. Each Index merely identifies certain hypothetical investment positions, the performance of which will be used as a reference point for the purpose of calculating the level of the relevant Index.

Past Performance

Past performance is not indicative of future performance. Any numbers or figures presented as past performance in the Content of the Website may include performances calculated from back-testing simulations. Any back-testing information provided in the Content of the Website is illustrative only and derived from proprietary models based on certain historic data and assumptions and estimates. Such back-testing information should not be considered indicative of the actual results that might be obtained from an investment or participation in an Index Linked Product. Any scenario analysis is for illustrative purposes only and does not represent the actual performance of the relevant Index nor does it purport to describe all possible performance outcomes for the relevant Index.

Intellectual Property Rights

Each Index and the information contained in the Content of the Website are the Index Sponsor's proprietary and confidential material. No person may use any Index in any way or reproduce or disseminate the information contained in the Content of the Website without the prior written consent of the Index Sponsor.

Governing Law

This Index Disclaimer is governed by, and shall be construed in accordance with, the laws of England.

Citi Research

Any trade or strategy ideas included in the Content of the Website are provided by our Sales and Trading department. Such material is therefore not a direct recommendation from our Research department and the directives on the independence of research do not apply. On the occasions where the information provided includes extracts or summary material derived from research reports published by our Research department, you are advised to obtain and review the original piece of research to see the research analyst's full analysis. Any opinions attributed to us constitute our judgment as of the date of the relevant material and are subject to change without notice. Provision of information may cease at any time without reason or notice being given. Although all information has been obtained from, and is based upon, sources believed to be reliable, it may be incomplete or condensed and its accuracy cannot be guaranteed.

Additional Information

CGML has appointed S&P Dow Jones Indices LLC as Index Calculation Agent in respect of certain Indices. Standard & Poor's® and S&P® are registered trademarks of Standard & Poor's Financial Services LLC ("S&P"), a part of McGraw Hill Financial. Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). These trademarks have been licensed to S&P Dow Jones Indices LLC. S&P Dow Jones Indices LLC, Dow Jones, S&P and their respective affiliates (collectively “S&P Dow Jones Indices”) do not sponsor, endorse, sell, or promote any Index Linked Products. “Calculated by S&P Dow Jones Indices” and its related stylized mark(s) are services marks of Standard & Poor's Dow Jones Indices LLC and have been licensed for use by CGML. S&P Dow Jones Indices LLC and its affiliates shall have no liability for any errors or omissions in calculating any Index.

CGML has appointed Solactive AG ("Solactive") as Index Calculation Agent in respect of certain Indices. Solactive does not sponsor, support, sell, or promote any Index Linked Products. Solactive does not offer any express or implicit guarantee or assurance either with regard to the results of using any Index and/or index trade mark or the relevant level of any Index at any time or in any other respect. Solactive shall have no obligation to point out errors in any Index to third parties. Neither publication of an Index by Solactive nor the licensing of an Index or index trade mark for the purpose of use in connection with a financial instrument constitutes a recommendation by Solactive to invest capital in a financial instrument nor does it in any way represent an assurance or opinion of Solactive with regard to any investment in a financial instrument.

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