WARRANTS
Complex Financial Products

A responsible investment requires that you know all
the implications and are willing to bear said implications.

Specific Investor Warnings

This complex financial product:

  1. May lead to the total sudden loss of capital invested;
  2. May provide zero or negative return;
  3. May be repaid early, at the option of the issuer;
  4. Is subject to credit risk of the issuers, Citigroup Global Markets Deutschland AG, Commerzbank Aktiengesellschaf or Banco Comercial Português, S.A., depending on which is the issuer of the warrant selected;
  5. Implies the incurring of costs, fees or charges;
  6. Is subject to any potential conflict of interests in the calculation agent's performance, Citigroup Global Markets Deutschland AG, Commerzbank Aktiengesellschaf or Banco Comercial Português, S.A., depending on which is the issuer of the warrant selected;
  7. Is not tantamount to the acquisition or initial transaction of underlying assets.