Citi's exit of warrants and turbos

Are my Citi warrants & certificates still tradable?
Bid prices are continuously provided for outstanding products so that a transaction can be guaranteed at the appropriate trading times under normal market conditions. However, the quotation on the offer side will no longer be available, which means that new or subsequent purchases will no longer be possible. The products can be sold either on the stock exchange (Euronext) or off exchange.

Is there now an increased issuer risk?
The decision to exit the warrants & certificates business has no impact on the rating of Citigroup Global Markets Europe AG (“Issuer”). The rating A+/A1 is still unchanged. The issuer risk is therefore not increased.

Are Open End products canceled early?
Please follow the latest announcements of terminations in the news section of the Citifirst website https://fr.citifirst.com/en-fr/services/news/ .

Will the investor service continue for the remaining term of my products?
We will continue to process any of your concerns either by telephone (free hotline +33 170755008 every trading day from 9:00 a.m. to 6:00 p.m.) or by email (warrants.france@citi.com).

Does Citi's exit from the warrants & certificates business affect the current market price of my products?
The outstanding products will continue to be priced in line with the market. However, there is no longer any asking price, which makes subsequent purchases impossible. However, it will still be possible to sell the products you hold under normal market conditions.

How does the exit affect the liquidity of my products?
The issuer, in its capacity as a market maker, continues to provide continuous bid prices for the products it issues. Investors are still able to sell products at these prices.

Does a product have to be held until maturity?
No. The issuer usually provides bid prices for all products within trading hours. Investors can sell a product again during the term at the current bid price.

Are there any costs for investors as a result of Citi's exit?
When selling warrants and certificates, investors incur the usual transaction costs of the custodian bank. These can be viewed in the price and service list of the respective bank. The issuer does not incur any additional costs for a sale.