Published on 10/3/2003 in the Prospect News Convertibles Daily.
New Issue: Citigroup prices $26.7 million notes exchangeable for MetLife yield 0.5% up 18%
New York, Oct. 3 - Citigroup Global Markets Holdings Inc. priced $26.7 million notes exchangeable for the common stock of MetLife, Inc. to yield 0.5% with a 18% initial exchange premium, according to a filing with the Securities and Exchange Commission.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Issue: | Exchangeable medium-term notes
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| Underlying stock: | MetLife, Inc.
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| Amount: | $26.7 million
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| Maturity: | Oct. 6, 2010
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| Coupon: | 0.5%
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| Price: | Par
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| Redemption: | Par
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| Call: | Oct. 6, 2006 onwards at greater of par in cash or 29.8481 shares
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| Exchange premium: | 18%
|
| Exchange ratio: | 29.8481
|
| Underwriter: | Citigroup
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| Pricing date: | Sept. 29
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| Settlement: | Oct. 6
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