Published on 7/29/2003 in the Prospect News Convertibles Daily.
New Issue: Citigroup prices $37 million 8% Sequins linked to Texas Instruments
New York, July 29 - Citigroup Global Markets Holdings Inc. said it priced $37 million 8% Select Equity Indexed Notes (Sequins) linked to the common stock of Texas Instruments Inc., according to a filing with the Securities and Exchange Commission.
Issuer: | Citigroup Global Markets Holdings Inc.
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Issue: | Select Equity Indexed Notes (Sequins)
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Underlying stock: | Texas Instruments Inc.
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Amount: | $37 million
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Maturity: | July 25, 2005
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Coupon: | 8%, payable quarterly
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Price: | Par of $10
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Call: | Aug. 2, 2004 onwards at price to give yield to call of 14%
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Payout at maturity: | 0.52493 shares of Texas Instruments common stock
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Exchange ratio: | 0.52493, at maturity
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Exchange price: | $19.05 (price at close on pricing date)
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Underwriter: | Citigroup
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Pricing date: | July 25
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Settlement: | July 30
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Listing: | "CXI" on American Stock Exchange
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