Hilbert FTSE 100 EW45 Conditional Memory Quarterly Autocall – Issue 39 – December 2025

How To Invest?

1. Firstly, print off and complete our Appropriate Assessment Questionnaire. All applications require two proofs of identity – see the questionnaire for more information.

2. Next download, print and complete the application form available. Note that product applications will have multiple documents, so please choose the one relevant to you.

3.Place all completed documents – questionnaire, proofs of identity, application form and cheques for payment – in an envelope and post to:

Further Information

The Hilbert FTSE 100 EW45 Conditional Memory Quarterly Autocall – Issue 39 – December 2025 plan is a maximum 10-year investment offering a Potential Income payment of 1.8875% per quarter (equivalent to 7.55% p.a.).

Maximum Investment Term/Early Maturity Feature: The Plan has a maximum Investment Term of 10 years. However, the Plan can mature early from the fourth Quarterly Measurement Date. On each autocall observation date up to 06 September 2027 (inclusive), the Closing Level of the Underlying Asset must be at or above 105% of the Opening Level for the Plan to mature early. Thereafter, for each subsequent autocall observation date, the required level decreases to 95% of the Opening Level. If the Plan matures early, you will receive the income payment for that quarter and the repayment of your original investment in full (less any agreed adviser fees and withdrawals)..

Potential Income: You will receive an income payment of 1.8875% (equivalent to 7.55% p.a.) for each Quarterly Measurement Date that the Closing Level of the Underlying Asset is at or above 80% of the Opening Level. The income is paid gross. If the closing level of the Underlying Asset is below 80% of the Opening Level on a Quarterly Measurement Date, no income will be paid for that quarter. However, the memory feature means that any missed income payments are carried forward to future Quarterly Measurement Dates when they may be paid together with the income payment due for that quarter.

Repayment of your investment if no early maturity: If the Final Level of the Underlying Asset is more than 40% below its Opening Level, you will receive back significantly less than your initial investment. The amount of your investment you receive back will be reduced by the same percentage amount that the Underlying Asset has fallen in value from the Start Date (less any agreed adviser fees and withdrawals).

Expected Tax Treatment: Income tax. Any income generated will be paid without tax being taken off. Any tax due will depend on your own individual circumstances and how you invested.

Issuer/Counterparty Bank: The issuer is Citigroup Global Markets Funding Luxembourg S.C.A. (‘CGMFL’) and the Counterparty Bank is Citigroup Global Markets Limited (‘CGML’), a wholly owned, indirect subsidiary of Citigroup Inc (‘Citigroup’).

The Issuer / Counterparty Bank Citigroup Global Markets Funding Luxembourg S.C.A. (‘CGMFL’) is responsible for issuing the securities which make up the Plan.

CGMFL is part of Citigroup Global Markets Limited (‘CGML’), which is the Counterparty Bank for the Plan.

CGML is ultimately responsible for, and if necessary will meet, the payment obligations (including paying the potential returns of the Plan and repayment of the money invested) of CGMFL.

The ‘securities’ are a type of corporate bond, meaning that an investment in the Plan is effectively like making a loan to CGMFL, which it is legally obliged to repay when the Plan matures (together with any return due).

CGML is a wholly owned, indirect subsidiary of Citigroup Inc (‘Citigroup’).

Citigroup is a leading global bank. It has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citigroup provides consumers, corporations, governments and institutions with a broad range of f inancial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

Citigroup is a publicly traded company, with shares listed in New York. More information about Citigroup can be found at: www.citigroup.com.

What Are The Risks Of The Plan?

As with all forms of investment there are risks involved. These plans do not guarantee to repay the money invested. The potential returns of the plans and repayment of the money invested are dependent the level of the underlying asset(s) or index / indices to which the return is linked and also on the financial stability of the Issuer and Counterparty.

Past performance is not a guide to future performance and may not be repeated.  Investment involves risk. The performance data does not take account of the commissions and costs incurred on the issue and redemption of shares. The value of investments and the income from them may go down as well as up and investors may not get back any of the amount originally invested.  Because of this, an investor is not certain to make a profit on an investment and may lose money.  Exchange rate changes may cause the value of overseas investments to rise or fall.

The promotion of the plans does not constitute ‘advice’ to invest. Advice is always specific to an individual investor’s circumstances and needs, following the process of ‘know your customer’, with the aim of ensuring that any product is suitable for an investor.

As always, the recommendation and common-sense approach is to consider product solutions as a portfolio, never over-exposing oneself to a point of financial pain and suffering liquidity or counterparty over exposure.