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Published on 8/26/2004 in the Prospect News Convertibles Daily.

New Issue: Citigroup prices $18 million 7.5% Elks exchangeable for Genentech

New York, Aug. 26 - Citigroup Global Markets Holdings Inc. priced $18 million one-year 7.5% Elks (Equity Linked Securities) exchangeable for Genentech Inc. common stock, according to a 424B2 document filed Monday with the Securities and Exchange Commission.

Issuer:Citigroup Global Markets Holdings Inc.
Issue:Elks (Equity Linked Securities) medium-term notes
Underlying stock:Genentech Inc.
Amount:$18 million
Maturity:Aug. 30, 2005
Interest:7.5%
Price:Par of $10
Payout at maturity:0.20743 shares of Genentech stock if Genentech trades at or below $36.15 or 75% of initial price, otherwise par of $10 in cash
Pricing date:Aug. 24
Settlement date:Aug. 27
Underwriter:Citigroup
Listing:"EKG" on American Stock Exchange

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