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Citibank Greece Presents Renewable Sources of Energy as Investment Opportunity


WEBWIRE

Athens – Citibank has created an innovative investment product based on the increasing demand for low cost and clean sources of energy, as a result of climate change. The new ML Renewable Energy Index Certificate offers investors the opportunity to invest in the renewable energy sector with 100% capital protection at maturity. Investors may have access to the new notes of three-year tenor with a minimum amount of 2.000€ or USD and can enjoy up to 39.99% return at maturity depending on the Index’s performance.

The ML Renewable Energy Index, with which the notes are linked, includes equities that benefit from the growth of the renewable energy industry and equal approximately 80% of the specific sector’s market capitalization. These equities belong to companies that operate in the following three areas:

* Wind energy, which is growing at an enormous speed ,
* Biofuels, which have grown 28% per year since 20011, and
* Solar energy, whose infrastructure has increased at a yearly pace of over 40% during the last few years1.

Finally, in parallel to the technological progress in renewable energy sources, the increased demand for clean sources of energy, the political will to support them, and the high price of oil have contributed to the development of an international support framework that enables the fast evolution of the renewable energy sector.

The payout of the new three-year notes is linked to the performance of the ML Renewable Energy Index and is calculated as follows:

* If the daily Official Closing Level of the Index does not appreciate at any time between the Strike Date and the Exercise Date to be equal to or more than 40% of the Strike Price and the Index Final level is higher than the Index Initial level then investors will have 100% participation in the appreciation of the Index.
* If the daily Official Closing Level of the Index does not appreciate at any time between the Strike Date and the Exercise Date to be equal to or more than 40% of the Strike Price and the Index Final level is lower than the Index Initial level then investors will have 100% capital protection.
* If any daily Official Closing Level of the Index appreciates, to be equal to or more than 40% of the Strike Price at any time between the Strike Date and the Exercise Date then investors will get a return of 15% in EURO and 18.5% in USD.

Merrill Lynch S.A. is the issuer of the notes, which offers 100% capital protection at maturity.



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