Published on 6/9/2004 in the Prospect News Convertibles Daily.
New Issue: Citigroup prices $39.8 million 6% Elks exchangeable for Wyeth
New York, June 9 - Citigroup Global Markets Holdings Inc. priced $39.765 million one-year 6% Elks (Equity Linked Securities) exchangeable for Wyeth common stock, according to a 424B3 document filed Wednesday with the Securities and Exchange Commission.
Issuer: | Targets Trust XXI (Citigroup Global Markets Holdings Inc.)
|
Issue: | Elks (Equity Linked Securities) medium-term notes
|
Underlying stock: | Wyeth
|
Amount: | $39.765 million
|
Maturity: | June 24, 2005
|
Interest: | 6%, payable quarterly
|
Price: | Par of $36.15
|
Payout at maturity: | One share of Wyeth stock, capped at $43.38 value (20% above initial price of $36.15), in stock or cash at Citigroup's option
|
Pricing date: | June 3
|
Settlement date: | June 10
|
Underwriter: | Citigroup
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.