Published on 1/28/2004 in the Prospect News Convertibles Daily.
New Issue: Citigroup prices $52.5 million 7% Sequins linked to Applied Materials
New York, Jan. 28 - Citigroup Global Markets Holdings Inc. priced $52.5 million 7% two-year Sequins (Select Equity Indexed Notes) based on Applied Materials Inc. common stock, according to a 424B2 document filed Wednesday with the Securities and Exchange Commission.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Issue: | Sequins (Select Equity Indexed Notes)
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| Underlying stock: | Applied Materials Inc.
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| Amount: | $52.5 million
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| Maturity: | Jan. 30, 2006
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| Interest: | 7%, payable quarterly
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| Price: | Par
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| Payout at maturity: | 0.43535 shares of Applied Materials common stock
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| Exchange ratio: | 0.43535
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| Exchange price: | $22.97 (closing price of Applied Materials stock on pricing date)
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| Call: | Jan. 31, 2005 onwards at price to give yield to call of 12%
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| Pricing date: | Jan. 26
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| Settlement date: | Jan. 29
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| Underwriter: | Citigroup
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| Listing: | "CDM" on American Stock Exchange
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