Treasury and Trade Solutions
citi.com/treasuryandtradesolutions
© 2023 Citigroup Inc. All rights reserved. Citi, Citi and Arc Design and other marks used herein are service marks
of Citigroup Inc. or its affiliates, used and registered throughout the world.
2168136 GTS26830 02/23
IRS Circular 230 Disclosure: Citigroup Inc. and its affiliates do not provide tax or legal advice. Any discussion of tax
matters in these materials (i) is not intended or written to be used, and cannot be used or relied upon, by you for the
purpose of avoiding any tax penalties and (ii) may have been written in connection with the “promotion or marketing”
of any transaction contemplated hereby (“Transaction”). Accordingly, you should seek advice based on your particular
circumstances from an independent tax advisor.
Any terms set forth herein are intended for discussion purposes only and are subject to the final terms as set forth
in separate definitive written agreements. This presentation is not a commitment to lend, syndicate a financing,
underwrite or purchase securities, or commit capital nor does it obligate us to enter into such a commitment, nor are
we acting as a fiduciary to you. By accepting this presentation, subject to applicable law or regulation, you agree to
keep confidential the information contained herein and the existence of and proposed terms for any Transaction.
Prior to entering into any Transaction, you should determine, without reliance upon us or our affiliates, the
economic risks and merits (and independently determine that you are able to assume these risks) as well as the
legal, tax and accounting characterizations and consequences of any such Transaction. In this regard, by accepting
this presentation, you acknowledge that (a) we are not in the business of providing (and you are not relying on us
for) legal, tax or accounting advice, (b) there may be legal, tax or accounting risks associated with any Transaction,
(c) you should receive (and rely on) separate and qualified legal, tax and accounting advice and (d) you should
apprise senior management in your organization as to such legal, tax and accounting advice (and any risks
associated with any Transaction) and our disclaimer as to these matters. By acceptance of these materials, you and
we hereby agree that from the commencement of discussions with respect to any Transaction, and notwithstanding
any other provision in this presentation, we hereby confirm that no participant in any Transaction shall be limited
from disclosing the U.S. tax treatment or U.S. tax structure of such Transaction.
We are required to obtain, verify and record certain information that identifies each entity that enters into a formal
business relationship with us. We will ask for your complete name, street address, and taxpayer ID number. We may
also request corporate formation documents, or other forms of identification, to verify information provided.
Any prices or levels contained herein are preliminary and indicative only and do not represent bids or offers. These
indications are provided solely for your information and consideration, are subject to change at any time without
notice and are not intended as a solicitation with respect to the purchase or sale of any instrument. The information
contained in this presentation may include results of analyses from a quantitative model which represent potential
future events that may or may not be realized, and is not a complete analysis of every material fact representing
any product. Any estimates included herein constitute our judgment as of the date hereof and are subject to change
without any notice. We and/or our affiliates may make a market in these instruments for our customers and for our
own account. Accordingly, we may have a position in any such instrument at any time.
Although this material may contain publicly available information about Citi corporate bond research, fixed income
strategy or economic and market analysis, Citi policy (i) prohibits employees from offering, directly or indirectly, a
favorable or negative research opinion or offering to change an opinion as consideration or inducement for the receipt
of business or for compensation; and (ii) prohibits analysts from being compensated for specific recommendations
or views contained in research reports. So as to reduce the potential for conflicts of interest, as well as to reduce
any appearance of conflicts of interest, Citi has enacted policies and procedures designed to limit communications
between its investment banking and research personnel to specifically prescribed circumstances.
Citi believes that sustainability is good business practice. We work closely with our clients, peer financial institutions,
NGOs and other partners to finance solutions to climate change, develop industry standards, reduce our own
environmental footprint, and engage with stakeholders to advance shared learning and solutions. Highlights of Citi’s
unique role in promoting sustainability include: (a) releasing in 2007 a Climate Change Position Statement, the first U.S.
financial institution to do so; (b) targeting $50 billion over 10 years to address global climate change: includes significant
increases in investment and financing of renewable energy, clean technology, and other carbon-emission reduction
activities; (c) committing to an absolute reduction in GHG emissions of all Citi owned and leased properties around the
world by 10% by 2011; (d) purchasing more than 234,000 MWh of carbon neutral power for our operations over the last
three years; (e) establishing in 2008 the Carbon Principles; a framework for banks and their U.S. power clients to evaluate
and address carbon risks in the financing of electric power projects; (f) producing equity research related to climate issues
that helps to inform investors on risks and opportunities associated with the issue; and (g) engaging with a broad range of
stakeholders on the issue of climate change to help advance understanding and solutions.
Citi works with its clients in greenhouse gas intensive industries to evaluate emerging risks from climate change and,
where appropriate, to mitigate those risks.
efficiency, renewable energy & mitigation