CitiFirst Announces Revised Terms and Stop Loss Levels for ASX-Listed MINI Warrants Effective July 2026

Understanding CitiFirst MINI Warrants and the Impact of the 3 July 2026 Effective Date

CitiFirst MINI warrants are exchange-traded structured products from Citigroup that provide leveraged exposure to underlying securities, indices, currencies, or commodities. Each MINI includes a defined Strike Price, a stop loss trigger level, a specified number of underlying shares per warrant (commonly one), and a gearing ratio indicating the leverage relative to the underlying’s current price. The approximate MINI value is generally the difference between the current share price and the strike price for MINI Longs, or vice versa for MINI Shorts.

The updated terms become effective on 3 July 2026, meaning that the new strike prices, stop loss triggers, gearing ratios, and estimated values detailed in the schedule will apply from that date. Such periodic resets are standard for MINI warrants and typically account for changes in financing costs, dividends, or corporate actions affecting the underlying assets. The comprehensive update spans 35 pages, covering single stock MINIs on pages 1 to 29, Australian index MINIs on page 30, international index MINIs on page 31, currency MINIs on pages 32 and 33, and commodities MINIs on pages 34 and 35.

MINI Long and MINI Short Positions Across Various Underlying Securities

The schedule confirms the availability of both MINI Long and MINI Short positions for a diverse range of underlying stocks. MINI Long warrants enable investors to capitalize on rising prices, while MINI Short warrants benefit from declines. Each product’s stop loss trigger serves as an automatic exit point—if the underlying price hits or breaches this level, the position is closed and any residual value returned to the holder.

For instance, ANZ Group Holdings MINI Longs feature strike prices from about $5.36 to $30.40, gearing ratios between approximately 15.41% and 87.38%, and stop loss distances ranging from roughly 2.18% to 83.53%. This variety illustrates the differing leverage levels and stop loss proximities investors can select based on their risk tolerance and market outlook.

ANZ Group Holdings MINIs Showcase Broad Strike and Stop Loss Ranges

ANZ Group Holdings (ASX:ANZ) offers one of the most extensive MINI product ranges in the update, with the current share price at $34.79. On the long side, ANZKOB carries a strike price of $30.4006 and a stop loss trigger at $34.0300, just 2.18% below the current price. Conversely, ANZKOE has a $5.3600 strike and a $5.7300 stop loss trigger, with a gearing ratio of 15.41% and an 83.53% distance from stop loss.

On the short side, ANZ MINI Shorts range from strike prices of $39.9527 to $60.1796 and stop loss triggers between $35.16 and $52.96. For example, ANZKOP has a stop loss trigger at $35.16, approximately 1.06% above the current share price, indicating proximity to the stop loss boundary. Investors should note the narrow margin between current prices and stop loss levels for certain ANZ MINI products as of the effective date.

AGL Energy, Ampol, and AMP MINIs Display Varied Stop Loss Distances

AGL Energy (ASX:AGL) MINIs are included with a current share price of $8.29. MINI Longs such as AGLKOB have a strike of $6.5542 and a stop loss at $7.53, roughly 9.17% from the current price. Other products like AGLKOC and AGLKOD exhibit lower gearing—64.63% and 58.31% respectively—and greater distances from their stop loss triggers. On the short side, AGLKOP has a strike price of $10.4418 and a stop loss trigger at $8.87, about 7.00% above the current price.

AMP Limited (ASX:AMP) currently trades at $1.68. The update notably includes a Guaranteed Stop Loss (GSL) MINI Long product—AMPLOA—with both strike and stop loss set at $1.5904, about 5.33% from the stop loss. GSL MINIs offer added certainty around exit prices in the event of gap moves past stop loss levels. AMP MINI Shorts have strikes up to $2.5073 with stop loss triggers at $2.13, approximately 26.79% from the current price. Ampol Limited (ASX:ALD) MINIs are also detailed, with a current price of $33.53 and long and short products spanning strike prices from around $8.03 to $51.18.

Aristocrat Leisure MINIs Reflect High Share Price of $61.53

Aristocrat Leisure (ASX:ALL) is among the higher-priced underlying stocks, trading at $61.53. MINI Longs range from ALLKOA with a strike of $47.9929 and stop loss at $55.17—approximately 10.34% from the current price—to ALLKOG with a strike of $8.2189 and stop loss at $9.04, representing 13.36% gearing and an 85.31% distance from stop loss. This broad spectrum allows investors to select leverage levels aligned with their risk preferences.

MINI Shorts for Aristocrat Leisure range from ALLKOT with a strike of $71.1562 and stop loss at $60.48, about 1.71% below the current price, to ALLKOS with a strike of $86.3490 and stop loss at $73.39, roughly 19.28% below. The close stop loss proximity of ALLKOT highlights the sensitivity of near-the-money MINI Shorts to price fluctuations.

Smaller Cap Underlyings: A2 Milk, Life360, and 4DMedical Included

The update also covers smaller cap stocks. A2 Milk (ASX:A2M), trading at $7.44, offers five long MINI positions with strikes from $2.3882 to $5.4834 and one short MINI—A2MKOV—with a strike of $9.5808 and stop loss at $7.66, about 2.96% above the current price. The short’s close stop loss proximity is notable for investors.

Life360 Inc (ASX:360), a mid-cap technology stock priced at $27.19, has six long and three short MINI products. MINI Shorts have strikes between $34.3378 and $35.8378 with stop loss triggers from $27.47 to $28.67, representing 1.03% to 5.44% distances above the current price. 4DMedical (ASX:4DX) MINIs, with a current price of $4.06, include three long products featuring gearing ratios from about 41.67% to 64.98%.

ALS, Ansell, Atlas Arteria, and Amcor Complete Single Stock Coverage

ALS Limited (ASX:ALQ) MINIs, priced at $22.85, include five long and four short products. Long strikes range from $10.2320 to $16.2821 with gearing between 44.78% and 71.26%. Short products have strikes from $31.2747 to $34.0185 and stop loss triggers between $25.02 and $27.21, distances of approximately 9.50% to 19.08% from the current price.

Ansell (ASX:ANN), Atlas Arteria (ASX:ALX), Amcor (ASX:AMC), and APA Group (ASX:APA) are also featured. Atlas Arteria trades at $5.10 with two long and three short MINI products. Amcor, at $62.47, has one long MINI—AMCKOB—with a strike of $52.0640 and stop loss at $59.85, about 4.19% from the current price. These listings illustrate CitiFirst’s broad sector coverage across infrastructure, packaging, and industrial stocks.

Beyond Single Stocks: Updated Australian and International Index, Currency, and Commodities MINIs

While the disclosed pages focus on single stock MINIs, the full schedule also includes Australian index MINIs (page 30), international index MINIs (page 31), currency MINIs (pages 32 and 33), and commodities MINIs (pages 34 and 35). These enable investors to gain leveraged exposure to broad market indices, foreign exchange rates, and commodities such as gold, oil, and iron ore. Specific parameters for these categories are not fully detailed in the excerpt.

This extensive update highlights the scale of CitiFirst’s structured product offerings on the ASX. Periodic resets like this are standard practice for warrant issuers to manage product terms in response to evolving market conditions. Investors should consult the full schedule and consider independent financial advice to understand how the updated terms may impact their holdings or strategies.

Investor Considerations Following the July 2026 MINI Warrants Reset

Holders of CitiFirst MINI warrants should prepare for the updated terms taking effect on 3 July 2026. It is important to review the revised stop loss trigger levels relative to current share prices, especially as several MINI Shorts on ANZ, AGL, A2 Milk, and Life360 have stop loss triggers within a few percentage points of the underlying prices. Price movements near the effective date could trigger stop loss events.

The update does not indicate any direct share price impact on the underlying companies, as it pertains solely to structured product terms rather than fundamental business changes. Investors seeking the complete 35-page update—including index, currency, and commodities sections—can access the full document via the ASX market announcements platform or CitiFirst’s product disclosures. The company has not provided forward guidance, fee details, or market outlook commentary in this release.