FWP 1 fwp.htm PRELIMINARY TERM SHEET FOR CLASS 2007-A2 NOTES fwp.htm
Citibank Credit Card Issuance Trust
 
 
Issuing Entity:
Citibank Credit Card Issuance Trust
Principal Amount:
$[  ]
Initial Nominal Liquidation Amount:
Principal Amount
Ratings:
AAA or its equivalent by at least one nationally recognized rating agency
Interest Rate:
Three-month LIBOR [plus] [minus] [●]% per annum
Expected Principal Payment Date:
May 21, 2010
Legal Maturity Date:
May 21, 2012
Expected Issuance Date:
May 22, 2007
Date Interest begins to accrue:
Issuance Date
Interest Payment Dates:
 
21st day of each February, May, August and November, beginning August 2007; provided, however, that if an event of default or early redemption event occurs with respect to these Class A notes, or if these Class A notes are not paid in full on the expected principal payment date, the issuance trust will begin making payments on the 21st day of every month
Price to Public:
$[  ] (or [  ]%)
Underwriting Discount:
$[  ] (or [  ]%)
Proceeds to issuance trust:
$[  ] (or [  ]%)
Underwriters and allocations:
Citigroup, $[  ]
Banc of America Securities LLC, $[  ]
Merrill Lynch & Co., $[  ]
RBS Greenwich Capital, $[  ]
Underwriters' Concession:
[  ]%
Reallowance Concession:
[  ]%
Interest Rate Swap
The issuance trust does not intend to enter into an interest rate swap
Monthly Accumulation Amount:
Maximum Class B Note Subordination:
Maximum Class C Note Subordination:
Minimum Denomination:
$100,000 and multiples of $1,000 in excess of that amount
Stock Exchange Listing:
Outstanding Notes of the Citiseries:
 
As of May 14, 2007, there were 67 subclasses of notes of the Citiseries outstanding, with an aggregate outstanding principal amount of $60,665,249,918, consisting of:
                Class A notes      $52,940,249,918
                Class B notes      $ 3,150,000,000
                Class C notes      $ 4,575,000,000
 
 
As of May 14, 2007, the weighted average interest rate payable by the issuance trust in respect of the outstanding subclasses of notes of the Citiseries was 5.44% per annum, consisting of:
              Class A notes      5.41% per annum
              Class B notes      5.48% per annum
              Class C notes      5.84% per annum
Master Trust Assets and Receivables:
 
The aggregate amount of credit card receivables in the master trust as of March 25, 2007 was $73,204,572,100, of which $72,264,614,058 were principal receivables and $939,958,042 were finance charge receivables.
Annex I:
 
The information presented in Annex I to the prior prospectus supplement has been superseded by the information presented in a Form 8-K filed with the SEC by Citibank Credit Card Master Trust I, the issuer of the collateral certificate, on May 7, 2007. Static pool information concerning losses, delinquencies, revenue yield and payment rate for the master trust receivables has been stored by Citibank (South Dakota) since January 2006 and can be found at  www.citigroup.com/citigroup/citibankmastertrust/staticpool.
 
2
 
The issuance trust has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates.  Before you invest, you should read the prospectus in that registration statement and the prior prospectus supplement and other documents the issuance trust has filed with the SEC for more complete information about the issuance trust and this offering.  You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov.  The file number of the issuance trust's registration statement is 333-131355.  Alternatively, the issuance trust, any underwriter or any dealer participating in the offering will arrange to send to you the prospectus and the prior prospectus supplement if you request it by calling 605-331-1567, which you may call collect.