Published on 6/5/2003 in the Prospect News Convertibles Daily.
New Issue: Citigroup prices $53.46 million 7% ELKS exchangeable for Tyco
New York, June 5 - Citigroup Global Markets Holdings Inc. priced $53.46 million 7% Equity Linked Securities (ELKS) mandatorily exchangeable for Tyco International Ltd. common stock, according to a filing with the Securities and Exchange Commission.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Issue: | Equity Linked Securities (ELKS) medium-term notes
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| Amount: | $53.4585 million
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| Maturity: | Dec. 6, 2004
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| Interest: | 7%, payable quarterly
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| Price: | Par of $17.8195
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| Payout at maturity: | 1 share of Tyco International Ltd. common stock in cash or stock, capped at $22.0071 per ELKS, 23.5% above initial price
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| Pricing date: | June 4
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| Settlement: | June 6
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| Underwriter: | Citigroup
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