Published on 4/28/2004 in the Prospect News Convertibles Daily.
New Issue: Citigroup prices $10 million 6% ELKS exchangeable for EchoStar
New York, April 28 - Citigroup Global Markets Holdings Inc. priced $10 million 6% one-year Equity Linked Securities (ELKS) mandatorily exchangeable for the common stock of EchoStar Communications Corp., according to a 424B3 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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| Underlying stock: | EchoStar Communications Corp.
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| Amount: | $10 million
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| Maturity: | May 2, 2005
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| Interest: | 6%
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| Price: | Par of $34.480
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| Payout at maturity: | 1 share of EchoStar common stock if EchoStar stock closes at $41.808 or less, otherwise $41.808 in EchoStar stock or cash at Citigroup's option
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| Cap price: | $41.808, 20% above initial price
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| Pricing date: | April 28
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| Settlement date: | April 29
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| Underwriter: | Citigroup
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